Reading SURG? Track it free: the weekly brief, plus an alert if the thesis breaks. No credit card.
Track SURG free→Reading SURG? Track it free: the weekly brief, plus an alert if the thesis breaks. No credit card.
Track SURG free→NASDAQCommunication ServicesTelecom ServicesSnapshot 2026-06-15
Recent financial performance sits well below its industry cohort — worth keeping an eye on, though it has not freshly broken.
Recent financial performance is weak, and management's recent track record has been unsteady, with frequent disruptive corporate changes. The company was unprofitable over the past year, so its earnings quality can't be assessed. Peer multiples imply a price about 89% above where it trades (it looks cheap on this basis); the read is cheap, value-trap risk, as it trades below peer multiples, but recent financials are weak or earnings quality is fragile, historically a value-trap pattern. If SURG cuts guidance on the next call, that could be a meaningful negative. This read is provisional.
Daily closes. Earnings/event dots are placed inline.
A consensus fair price across 1 valuation methods, at three horizons. Current price $0.41. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
No-growth: today's peer multiple on trailing earnings. The headline read.
Embeds projected growth. Leans optimistic by design. Upside context.
We take the 12-month fair value above and grade our own number — how the market prices this name versus what we'd justify, and where the two diverge.
At $0.40 SURG trades at 0× p/s, below its 1× p/s peer median. Our $3.65 fair value sits above the price; low confidence. Not investment advice.
One valuation read at a 12-month horizon, plus how price compares to peers and the company's own history.
The price implies about 89% below a flat-multiple fair value, below our forecast of about 40%. This describes what's priced in, not a forecast of the move.
TTM earnings are negative, so the read leans on sales- and cash-flow-based methods rather than P/E. This is a data condition, not a forward call.
No fragility gates fired. Regime (Crisis) does not concentrate fragility.
Each factor is a parallel diagnostic with a clear read of what it shows and how names like it have historically fared. Never aggregated into a single score.
Operating income rose in 1 of the last 3 quarter-over-quarter moves. Historically, Communication Services names rated weak grew net income 59% of the time over the next year (vs 53% for the rest of the cohort, n=701).
Over the trailing year it converted 0.47x of net income into operating cash flow.
Not enough signal yet.
Not enough signal to read sensitivity to the US dollar, the broad stock market, Fed net liquidity, real (inflation-adjusted) rates, long-term interest rates.
Not enough signal yet.
The next print and the backdrop around it (sector regime and the AI cycle). Context for the path, not a forecast of returns.
EPS estimate $-0.17 → $-0.11 (+37.1% / 30d). 0 raised, 1 cut, 1 covering analysts.
0 upgrades, 0 downgrades / 30d, 1 maintained. 100% of analysts rate Buy.
0 positive, 1 negative / 30d. See F4 management tile for the event list.
How management runs the business: capital, margins, balance sheet, and how reliably they guide and deliver.
A guidance track record builds as the company issues and delivers on guidance.
What a normal day, a bad day, and the worst of the last year would mean for a $10,000 position.
On a typical day, $10k can swing ±$304.
How much price usually moves either way.
On a bad day, this stock has moved -$800.
A rough but not unusual down day (about the 95th percentile).
In the worst 12 months, $10k could have lost $8,834.
Deepest peak-to-trough drop in the last year.
Past results, not a forecast. Not investment advice.
The most important moves since the prior daily snapshot.
No material changes since the prior snapshot.
as of 2026-06-15
Specific, dated things to watch for, each with what would confirm it and what would prove it wrong.
Why it matters: If revenue grows, it may show a turnaround in the declining sector.
Confirms:SurgePays reports positive revenue growth in its next earnings release.
Disproves:Revenue growth remains negative in the next earnings release.
Recent news graded against this company's own objectives — whether it reinforces or challenges the thesis, and how confirmed it is.
No graded news catalysts for SURG yet.
Conditional scenarios: if X happens, the view would shift in this direction. These are not predictions.
Recent SEC 8-K filings ranked by likely impact, confidence, and recency.
Results of Operations and Financial Condition. On May 15, 2026, SurgePays, Inc. (the “ Company ”) issued a press release announcing its financial results for the quarter ended March 31, 2026, and the Company held a conference call to discuss the financial results. A copy of the press release is furnished as Exhibit 99.1 to this report, and a transcript of the conference call is furnished as Exhibit 99.2 to the report. In accordance with General Instruction B.2 of Form 8-K, the information in…
Whether the overall read has been drifting up or down lately, and how it's changed since last week.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Long-thesis check; widest uncertainty.
TTM earnings are negative. P/E-based methods drop out and the estimate leans on sales- and cash-flow-based methods. A data condition, not a forward call.
For similar setups historically (n=20,154): about 33% saw a 20%+ drawdown, and roughly 76% of those did not recover within the year. These are historical base rates for the cohort, not a forecast of this stock.
Looks cheaper than most peers in the same business.
Self-history needs ~20 months of data.
Trailing four: 2025-Q1, 2025-Q2, 2025-Q3, 2026-Q1
A side-by-side read on sector standing, valuation, and risk versus Integrated Telecommunication Services.
| Stock | Sector standing | Valuation | Risk |
|---|---|---|---|
SURG SurgePays Inc | Below typical Show detailsSector percentile: 1 of 100 | inexpensive | high |
VZ Verizon | Above typical Show detailsSector percentile: 87 of 100 | fair | moderate |
T AT&T | Above typical Show detailsSector percentile: 73 of 100 | inexpensive | moderate |
AMX AMERICA MOVIL SAB DE CV | — | — | moderate |
GSAT Globalstar, Inc. | Below typical Show detailsSector percentile: 23 of 100 | expensive | moderate |
Not investment advice. As of 2026-06-15.
via XLC
Tailwind = sector leading the S&P 500; headwind = trailing. Both can be constructive. Historically, headwind regimes have averaged stronger forward returns than tailwind.
Context label only: describes the market state (e.g. real bear vs narrative panic, healthy uptrend vs late-stage froth). It is not a per-ticker buy/sell signal and does not predict factor performance.
Not investment advice. As of 2026-06-15.
Priorities management has stated in recent disclosures, with status and evidence drawn from earnings calls, filings, and press releases.
Focus on driving revenue growth by expanding point of sale and prepaid services.
Stated in 2 of last 2 quarters. Revenue was $15.98M in 2026-Q1, down from $16.19M in 2025-Q4, indicating limited progress in achieving the stated growth through point of sale and prepaid services. Despite the reiterated guidance for $225M in 2026, the recent revenue decline suggests challenges in delivering on this growth priority.
“We expect continued revenue growth driven by our point of sale and prepaid services.”
“the Company is reiterating revenue guidance for 2026 of $225 million”
Focus on meeting the minimum market value of listed securities required by Nasdaq.
Newly stated in 2026-Q1. The company received a notice from Nasdaq for not meeting the minimum market value of listed securities requirement. This regulatory challenge is a critical focus for management, but there is no financial data indicating progress on this front yet.
“The Company received a notice from Nasdaq indicating it no longer meets the minimum market value of listed securities.”
Efforts to manage and reduce operating losses continue as a priority.
Stated in 3 of last 3 quarters. Operating income was negative, with a loss of $11.2M in 2026-Q1, compared to a loss of $12.8M in 2025-Q4 and $6.9M in 2025-Q3. The trajectory shows persistent operating losses, indicating limited progress in managing these costs.
Results of Operations and Financial Condition. On April 14, 2026, 2025, SurgePays, Inc. (the “ Company ”) issued a press release announcing its financial results for the year ended December 31, 2025, and the Company held a conference call to discuss the financial results. A copy of the press release is furnished as Exhibit 99.1 to this report, and a transcript of the conference call is furnished as Exhibit 99.2 to the report. In accordance with General Instruction B.2 of Form 8-K, the informa…
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing. On March 18, 2026, SurgePays, Inc. (the “ Company ”) received a written notice (the “ MVLS Notice ”) from the Listing Qualifications Department of The Nasdaq Stock Market (“ Nasdaq ”) indicating that the Company no longer meets the minimum market value of listed securities (“ MVLS ”) of $35,000,000 (the “ MVLS Requirement ”) set forth in Nasdaq’s Listing Rules (the “ Rules ”). On March 23, 202…
Unregistered Sales of Equity Securities. On or about March 23, 2026, the Company issued 800,000 shares (the “ Shares ”) of Company common stock to Brian Cox, the Company’s CEO and Chairman, at $1.25/share as the Shares were issued in satisfaction of $1,000,000 owed by the Company to Mr. Cox under the consolidated promissory note issued on or about March 12, 2024. The Shares were issued with standard restrictive legend restricting the transfer thereof except pursuant the Securities Act of 1933…
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers Appointment of Chelsea Pullano as Interim CFO Effective as of January 14, 2026, the Board appointed Chelsea Pullano as interim Chief Financial Officer to fill the vacancy created by the previous separation with Tony Evers. Ms. Pullano’s appointment is in connection with the Company’s entry into the master services agreement (“CFO Agreement”) with MA…
“Operating income was negative, with a loss of $11.2M in 2026-Q1.”
“Operating income was negative, with a loss of $12.8M in 2025-Q4.”
“Operating income was negative, with a loss of $6.9M in 2025-Q3.”