Surgepays Inc (SURG) Stock: What Does the Chart Say Monday?

Surgepays Inc (SURG) stock is up 15.57% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

Surgepays Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on SURG!

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What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With SURG Stock Today?

Surgepays Inc (SURG) stock is higher by 3.02% while the S&P 500 is down -0.16% as of 11:21 AM on Monday, Nov 27. SURG has risen $0.20 from the previous closing price of $6.63 on volume of 130,950 shares. Over the past year the S&P 500 is up 14.84% while SURG has risen 9.98%. SURG earned $1.43 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 4.76.

More About Surgepays Inc

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 Surge Blockchain and Other; Surge Logics; TW and ECS (Electronic Check Services). The Company's blockchain platform utilizes a suite of financial and prepaid products to convert corner stores into tech hubs for underbanked neighbourhoods. The neighbourhood stores are profit partners that provide a multichannel distribution network for SurgePays. Click Here to get the full Stock Report for Surgepays Inc stock.