Stocks of Charge Enterprises Inc. (NASDAQ:CRGE) traded higher last session on Wall Street, up 3.60% to $1.44.
According to the data, Charge Enterprises Inc. (NASDAQ:CRGE) has 2 analysts covering its stock. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $5.00 and a low of $4.50, we find $4.75. Given the previous closing price of $1.39, this indicates a potential upside of 241.73 percent. CRGE stock price is now -23.77% away from the 50-day moving average and -56.16% away from the 200-day moving average. The market capitalization of the company currently stands at $278.16M.
A total of 0 analysts have issued a hold rating and 2 have given it a buy rating. Brokers who have rated the stock have averaged $4.75 as their price target over the next twelve months.
With the price target of $4.50, H.C. Wainwright recently initiated with Buy rating for Charge Enterprises Inc. (NASDAQ: CRGE). On May 23, 2022, Maxim Group recently initiated its ‘Buy’ rating on the stock quoting a target price of $8.
In other news, Harper-Denson Craig, COO / CCO sold 100 shares of the company’s stock on Nov 23. The stock was sold for $250 at an average price of $2.50. Upon completion of the transaction, the COO / CCO now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 16, COO & CCO Harper-Denson Craig sold 700 shares of the business’s stock. A total of $1,827 was realized by selling the stock at an average price of $2.61. Insiders disposed of 498,018 shares of company stock worth roughly $0.72 million over the past 1 year. A total of 0.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in CRGE stock. A new stake in Charge Enterprises Inc. shares was purchased by BANK OF NEW YORK MELLON CORP during the first quarter worth $539,000. M&T BANK CORP invested $131,000 in shares of CRGE during the first quarter. In the first quarter, ALLSPRING GLOBAL INVESTMENTS HOLDINGS, LLC acquired a new stake in Charge Enterprises Inc. valued at approximately $129,000. JACOBS LEVY EQUITY MANAGEMENT, INC acquired a new stake in CRGE for approximately $112,000. QUANTBOT TECHNOLOGIES LP purchased a new stake in CRGE valued at around $40,000 in the second quarter. In total, there are 84 active investors with 15.30% ownership of the company’s stock.
Wednesday’s opening bell rang with an opening price of $1.3900 for Charge Enterprises Inc. (NASDAQ: CRGE). During the past 12 months, Charge Enterprises Inc. has had a low of $1.10 and a high of $8.46. As of last week, the company has a debt-to-equity ratio of 0.79, a current ratio of 1.20, and a quick ratio of 1.20. The fifty day moving average price for CRGE is $1.8890 and a two-hundred day moving average price translates $3.2846 for the stock.
The latest earnings results from Charge Enterprises Inc. (NASDAQ: CRGE) was released for Jun, 2022. According to the Telecom Services Company, earnings per share came in at -$0.27, missing analysts’ expectations of -$0.07 by -0.2. This compares to -$0.17 EPS in the same period last year. The company reported revenue of $185.86 million for the quarter, compared to $117.0 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 58.85 percent. For the current quarter, analysts expect CRGE to generate $180.21M in revenue.
Charge Enterprises Inc.(CRGE) Company Profile
Charge Enterprises Inc. engages in building the electrification and telecommunications infrastructure for electric vehicle charging(EVC) and wireless network infrastructure, including 5G, tower, distributed antennae systems, small cell, and electrical infrastructure. The company operates through Telecommunications and Infrastructure segments. Its Telecommunications segment offers internet-protocol-based and time-division multiplexing access for transport of long-distance voice and data minutes; domestic switching and related peripheral equipment services, and carrier-grade routers and switches for internet and circuit-based services, as well as connection of voice calls and data services. The company’s Infrastructure segment focuses on physical wireless networking elements including 4G and 5G, cell tower, small cell, and in-building applications and EVC solutions including design, engineering, vendor specification, construction, installation, and maintenance of electric vehicle chargers. This segment also offers network of personal charging power banks situated in bars, restaurants, transit hubs, and sporting arenas. The company was formerly known as TransWorld Holdings Inc and changed its name to Charge Enterprises, Inc. in January 2021.Charge Enterprises, Inc. was incorporated in 2003 and is based in New York, New York.