Charge Enterprises Inc. (CRGE) Stock Price Peaks at $0.6355 During Trading


The closing price of Charge Enterprises Inc. (NASDAQ: CRGE) was $0.54 for the day, down -13.50% from the previous closing price of $0.63. In other words, the price has decreased by -$0.0849 from its previous closing price. On the day, 873680 shares were traded. CRGE stock price reached its highest trading level at $0.6355 during the session, while it also had its lowest trading level at $0.5400.

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Our analysis of CRGE’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 1.95 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 86.05. For the most recent quarter (mrq), Quick Ratio is recorded 1.00 and its Current Ratio is at 1.00. In the meantime, Its Debt-to-Equity ratio is 0.96 whereas as Long-Term Debt/Eq ratio is at 0.01.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, H.C. Wainwright on October 14, 2022, initiated with a Buy rating and assigned the stock a target price of $4.50.

Insider Transactions:

Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Sep 14 when Biehl James bought 10,000 shares for $0.68 per share. The transaction valued at 6,800 led to the insider holds 30,000 shares of the business.

JACOBS GARY N bought 3,000 shares of CRGE for $1,860 on Sep 14. The Director now owns 30,000 shares after completing the transaction at $0.62 per share. On Sep 11, another insider, JACOBS GARY N, who serves as the Director of the company, bought 5,000 shares for $0.56 each. As a result, the insider paid 2,800 and bolstered with 27,000 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CRGE now has a Market Capitalization of 135.20M and an Enterprise Value of 119.62M. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.17 while its Price-to-Book (P/B) ratio in mrq is 4.18. Its current Enterprise Value per Revenue stands at 0.17 whereas that against EBITDA is -20.65.

Stock Price History:

Over the past 52 weeks, CRGE has reached a high of $3.00, while it has fallen to a 52-week low of $0.42. The 50-Day Moving Average of the stock is 0.7743, while the 200-Day Moving Average is calculated to be 1.1015.

Shares Statistics:

CRGE traded an average of 481.60K shares per day over the past three months and 789.91k shares per day over the past ten days. A total of 212.86M shares are outstanding, with a floating share count of 119.02M. Insiders hold about 0.10% of the company’s shares, while institutions hold 15.30% stake in the company. Shares short for CRGE as of Aug 30, 2023 were 3.19M with a Short Ratio of 3.19M, compared to 3.21M on Jul 30, 2023. Therefore, it implies a Short% of Shares Outstanding of 1.49% and a Short% of Float of 2.15%.

Earnings Estimates

The firm’s stock currently is rated by 2 analysts. On average, analysts expect EPS of -$0.05 for the current quarter, with a high estimate of -$0.04 and a low estimate of -$0.06, while EPS last year was -$0.27. The consensus estimate for the next quarter is -$0.04, with high estimates of -$0.04 and low estimates of -$0.04.

Analysts are recommending an EPS of between -$0.17 and -$0.18 for the fiscal current year, implying an average EPS of -$0.17. EPS for the following year is -$0.08, with 2 analysts recommending between -$0.03 and -$0.14.

Revenue Estimates

It is expected that $90B in revenue will be generated in the current quarter, according to 2 analysts. It ranges from a high estimate of $147.95M to a low estimate of $139.6M. As of the current estimate, Charge Enterprises Inc.’s year-ago sales were $185.86M, an estimated decrease of -22.60% from the year-ago figure. For the next quarter, 2 analysts are estimating revenue of $152.24M, a decrease of -9.40% over than the figure of -$22.60% in the same quarter last year. There is a high estimate of $154.6M for the next quarter, whereas the lowest estimate is $149.88M.

A total of 2 analysts have provided revenue estimates for CRGE’s current fiscal year. The highest revenue estimate was $638.97M, while the lowest revenue estimate was $635.3M, resulting in an average revenue estimate of $637.13M. In the same quarter a year ago, actual revenue was $697.83M, down -8.70% from the average estimate. Based on 2 analysts’ estimates, the company’s revenue will be $726.59M in the next fiscal year. The high estimate is $742.9M and the low estimate is $710.28M. The average revenue growth estimate for next year is up 14.00% from the average revenue estimate for this year.


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