SurgePays (SURG)

• Market cap: $30.6M
• 1 day: -1.94%
• 5 days: -4.40%
• 1 month: -15.08%
• 3 months: -19.15%
• 6 months: -50.65%
• Year to date: -14.61%
• 1 year: -77.68%
• 5 years: -56.57%
• 10 years: -56.57%
• Sector: Communication Services
• Industry: Telephone Communications, Except Radiotelephone

About: Surgepays Inc is a fintech company focused on the underbanked community. It provides services to financial technology, telecommunications, and digital media companies. Its operating segment includes Mobile Virtual Network Operators that provide mobile broadband (internet connectivity), voice and SMS text messaging to both subsidized and direct retail prepaid customers through SurgePhone Wireless, LLC and Torch Wireless, LLC; Comprehensive Platform Services provide financial technology and a wireless top-up platform to independently owned convenience stores throughout the country; Lead Generation is a generation and case management solutions company serving law firms in the mass tort industry; and Others. It generates the revenue from Mobile Virtual Network Operator segment.

Employees: 20

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

80% more repeat investments, than reductions

Existing positions increased: 9 | Existing positions reduced: 5

13% more call options, than puts

Call options by funds: $52K | Put options by funds: $46K

0.19% more ownership

Funds ownership: 9.35% [Q2] → 9.53% (+0.19%) [Q3]

16% less funds holding

Funds holding: 32 [Q2] → 27 (-5) [Q3]

41% less capital invested

Capital invested by funds: $5.78M [Q2] → $3.44M (-$2.34M) [Q3]

44% less first-time investments, than exits

New positions opened: 5 | Existing positions closed: 9

Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

• Low target: $8.50 459% upside
• Avg. target: $8.50 459% upside
• High target: $8.50 459% upside

1 analyst rating

• positive: 1 100%
• neutral: 0 0%
• negative: 0 0%

Ascendiant Capital Edward Woo 46% 1-year accuracy 31 / 68 met price target

459% upside $8.50

Buy Maintained

16 Dec 2024