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Saturday, December 2, 2023

Charge Enterprises Inc (CRGE) Is Not Likely To Be The Same Tomorrow

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for Charge Enterprises Inc (CRGE) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.0058, or 1.64%, to $0.3587. The Charge Enterprises Inc has recorded 29,831 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Charge Enterprises Sets Date for 2023 Third Quarter Financial Results Webcast.

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Stocks Info

Charge Enterprises Inc is listed on the NASDAQ in the Communication Services sector while operating in the Telecom Services industry. At the end of the last regular session, the stock closed at $0.35 and fluctuated between $0.3594 as its day high and $0.3300 as its day low. The current market capitalization of Charge Enterprises Inc is $75.87M. A total of 0.59 million shares were traded on the day, compared to an average of 504.14K shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, CRGE has seen 8 BUY and 0 SELL insider trades, representing the acquisition of 237,400 and the disposition of 0 shares. Over the last 12 months, there were 35 BUYs and 9 SELLs from insiders. Insiders purchased 860,488 shares during that period but sold 358,791.

In the most recent transaction, Biehl James bought 10,000 shares of CRGE for 0.68 per share on Sep 14. After the transaction, the CLO, CCO, Secretary now owns 30,000 company shares. In a previous transaction on Sep 14, JACOBS GARY N bought 3,000 shares at 0.62 per share. CRGE shares that Director owns now total 30,000.

Among the insiders who bought shares, JACOBS GARY N acquired of 5,000 shares on Sep 11 at a per-share price of $0.56. This resulted in the Director holding 27,000 shares of CRGE after the transaction. In another insider transaction, Deutsch Justin bought 105,400 shares at $0.46 per share on Sep 08. Company shares held by the Director now total 1,080,168.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for CRGE in the last 3 months, the mean price target is $3.75 with high estimates of $4.50 and low estimates of $3.00. In terms of 52-week highs and lows, CRGE has a high of $3.00 and a low of $0.28.

As of this writing, CRGE has an earnings estimate of $Charge Enterprises, Inc. per share for the current quarter. EPS was calculated based on a consensus of Crescent Energy Company estimates, with a high estimate of $Smart Powerr Corp. per share and a lower estimate of $Forge Global Holdings, Inc.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. CRGE’s latest balance sheet shows that the firm has $27.96M in Cash & Short Term Investments as of fiscal 2021. There were $37.11M in debt and $89.07M in liabilities at the time. Its Book Value Per Share was $0.13, while its Total Shareholder’s Equity was $22.32M.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for CRGE is Buy with a score of 5.00.

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