Charge Enterprises Inc (CRGE) Testing Investors’ Patience Right Now

Currently, there are 206.84M common shares owned by the public and among those 87.39M shares have been available to trade.

Insiders at the company have transacted a total of 27 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 27 of these insider trades were purchases, accounting for 586,156 shares. Insider sales of the common stock occurred on 0 occasions, with total insider shares sold totaling 0 shares.

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However, the script later moved the day high at 0.0827, down -25.96%. The company’s stock has a 5-day price change of -46.10% and -77.36% over the past three months. CRGE shares are trading -52.76% year to date (YTD), with the 12-month market performance down to -95.43% lower. It has a 12-month low price of $0.07 and touched a high of $1.32 over the same period. CRGE has an average intraday trading volume of 18.15 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -54.40%, -54.89%, and -89.91% respectively.

Institutional ownership of Charge Enterprises Inc (NASDAQ: CRGE) shares accounts for 18.15% of the company’s 206.84M shares outstanding.

It has a market capitalization of $11.59M and a beta (3y monthly) value of 2.59. The earnings-per-share (ttm) stands at -$0.20. Price movements for the stock have been influenced by the stock’s volatility, which stands at 41.28% over the week and 21.08% over the month.

Analysts forecast that Charge Enterprises Inc (CRGE) will achieve an EPS of -$0.04 for the current quarter, $0 for the next quarter and -$0.08 for 2024. The lowest estimate earnings-per-share for the quarter is -$0.04 while analysts give the company a high EPS estimate of -$0.04. Comparatively, EPS for the current quarter was -$0.06 a year ago. Earnings per share for the fiscal year are expected to increase by 48.57%, and 55.56% over the next financial year.

Looking at the support for the CRGE, a number of firms have released research notes about the stock. H.C. Wainwright stated their Buy rating for the stock in a research note on October 14, 2022, with the firm’s price target at $4.50. Maxim Group coverage for the Charge Enterprises Inc (CRGE) stock in a research note released on May 23, 2022 offered a Buy rating with a price target of $8.

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