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Business

Thomas Hughes

Penny Stock SurgePays Rises 70%: 1 Reason to Buy, 5 to Sell

[content-module:CompanyOverview|NASDAQ:SURG]

SurgePays (NASDAQ: SURG) stock surged more than 70% after it issued solid guidance. That is the one reason to buy. The company expects the Q1 and possibly Q2 results to be soft, aligning with Q4 2024, but after years of efforts, revenue will start to blossom in the back half, and cash flow will turn positive. The forecast is for at least 225% annual growth and could be cautious.

The company provides numerous telecom services and services for telecoms, including AT&T. Integrating SurgePays products into AT&T’s network is completed and will be central to the company’s results in 2025 and in the future.

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