The Vanguard Group, Inc. has recently announced that it has increased stake in Charge Enterprises Inc (NASDAQ:CRGE) by 2.37%. After grabbing 4.97 million shares, the institutional investor is now in possession of 0.12 million shares of the Communication Services Company. The new investment brought the stake of investor firm to 2.31% having worth around $0.83 million. Moreover, Geode Capital Management LLC increased its share by 0.2 million to have a control over 2.49 million shares. And SSgA Funds Management, Inc. raised its holdings to 1612.0 shares by acquiring 2.39 million shares or 1.11% of the stake.
Charge Enterprises Inc (CRGE) concluded trading on 12/28/23 at a closing price of $0.11, with 2.29 million shares of worth about $0.25 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -88.27% during that period and on Thursday the price saw a loss of about -5.42%. Currently the company’s common shares owned by public are about 206.84M shares, out of which, 115.40M shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 28 times over the past 12 months. They bought 586,156 shares in 27 of the transactions. In 1 selling transactions, insiders dumped 128,866 shares.
Vanguard Total Stock Market ETF, Vanguard Extended Market Index Fu, and Fidelity Small Cap Index Fund are the top 3 mutual funds which are holding stakes in Charge Enterprises Inc Vanguard Total Stock Market ETF is currently holding 2.55 million shares of worth totaling $0.43 million. The company recently came buying 0.0 shares which brought its stake up to 1.19% of the company’s outstanding shares. Vanguard Extended Market Index Fu bought 46351.0 shares, after which its hold over company’s outstanding shares expand to 0.62%, leaving 1.34 million shares with the mutual fund that have a worth of about $0.22 million. Fidelity Small Cap Index Fund, after buying 1.19 million shares, have now control over 0.56% of the stake in the company. It holds 17699.0 shares of worth $0.2 million.
Charge Enterprises Inc (NASDAQ: CRGE) started trading at $0.1145, below -$0.01 from concluding price of the previous day. However, the stock later moved at a day high price of 0.1200, or with a loss of -5.42%. Stock saw a price change of -6.92% in past 5 days and over the past one month there was a price change of -29.63%. Year-to-date (YTD), CRGE shares are showing a performance of -91.00% which decreased to -91.21% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.09 but also hit the highest price of $1.70 during that period. The average intraday trading volume for Charge Enterprises Inc shares is 946.22K. The stock is currently trading -16.45% below its 20-day simple moving average (SMA20), while that difference is down -54.19% for SMA50 and it goes to -84.43% lower than SMA200.
The Vanguard Group, Inc. acquired 4.97 million shares of Charge Enterprises Inc having value of about $0.83 million. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 0.12 million shares in the company valued at close to $12654.18, or have control over 2.37% stake in the company. Charge Enterprises Inc (NASDAQ: CRGE) currently have 206.84M outstanding shares and institutions hold larger chunk of about 16.88% of that. Holding of mutual funds in the company is about 17.79% while other institutional holders and individual stake holders have control over 5.54% and 11.35% of the stake respectively.
The stock has a current market capitalization of $24.00M and its 3Y-monthly beta is at 2.58. It has posted earnings per share of -$0.20 in the same period. It has Quick Ratio of 0.93 while making debt-to-equity ratio of 0.71. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for CRGE, volatility over the week remained 15.17% while standing at 16.00% over the month.
Analysts are in expectations that Charge Enterprises Inc (CRGE) stock would likely to be making an EPS of -$0.04 in the current quarter, while forecast for next quarter EPS is -$0.04 and it is -$0.08 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.04 which is -$0.04 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.06 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 48.57% while it is estimated to increase by 55.56% in next year.
Analysts at 1 brokerage firms have issued recommendations for the Charge Enterprises Inc (CRGE)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.00. Out of those 1 Wall Street analysts, 1 recommended a “Buy” rating, while 0 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by H.C. Wainwright on October 14, 2022 offering a Buy rating for the stock and assigned a target price of $4.50 to it.
