SurgePays (SURG)

• Market cap: $49.1M
• 1 day: 0.00%
• 5 days: 11.66%
• 1 month: -12.01%
• 3 months: -20.70%
• 6 months: 93.02%
• Year to date: 39.89%
• 1 year: 33.16%
• 5 years: -28.86%
• 10 years: -28.86%
• Sector: Communication Services
• Industry: Telecom Services

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; and Others. It generates the majority of its revenue from the Mobile Virtual Network Operators segment.

Employees: 20

Fund manager confidence

Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)

250% more first-time investments, than exits

New positions opened: 7 | Existing positions closed: 2

27% more capital invested

Capital invested by funds: $3.86M [Q1] → $4.91M (+$1.05M) [Q2]

20% more call options, than puts

Call options by funds: $253K | Put options by funds: $211K

14% more funds holding

Funds holding: 28 [Q1] → 32 (+4) [Q2]

9% less repeat investments, than reductions

Existing positions increased: 10 | Existing positions reduced: 11

1.44% less ownership

Funds ownership: 9.15% [Q1] → 7.71% (-1.44%) [Q2]

Research analyst outlook

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

• Low target: $9 261% upside
• Avg. target: $9 261% upside
• High target: $9 261% upside

1 analyst rating

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

Ascendiant Capital Edward Woo

261% upside $9

Buy Maintained

16 Jun 2025