Charge Enterprises Inc [CRGE] Stock trading around $0.15 per share: What’s Next?

Charge Enterprises Inc [NASDAQ: CRGE] traded at a low on Friday, posting a -8.28 loss after which it closed the day’ session at $0.15. The company report on December 5, 2023 at 7:00 AM that Georgia’s No. 1 Volume and a Top 10 U.S Ford Dealership Commissions Charge Enterprises for EV Charging and Solar Project.

Charge Implementing Infrastructure to Advance Akins Ford’s Electrification Objectives with 19 EV Charging Stations and Comprehensive Solar System, Resulting in 700,000 kW in Total Carbon Offset.

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Charge Enterprises, Inc. (Nasdaq: CRGE) (“Charge” or the “Company”), a leading energy, electrical, broadband and EV charging infrastructure company, has been selected by Akins Ford – Georgia’s largest volume Ford dealer and a top ten Ford U.S. dealership – for the turnkey engineering, procurement, and construction of 19 electric vehicle (“EV”) charging stations and a 450 kW DC solar photovoltaic (“PV”) system. Greenspeed Energy Solutions, LLC, a Charge Enterprises company, will start the project in mid-December and will serve to advance Akins Ford’s electrification objectives and larger mission to make sustainable transportation more accessible and convenient to its customers.

The results of the trading session contributed to over 17684218 shares changing hands. Over the past one week, the price volatility of Charge Enterprises Inc stands at 23.84% while the volatility over the past one month is 31.28%.

The market cap for CRGE stock reached $31.20 million, with 206.84 million shares outstanding and 115.40 million shares in the current float. Compared to the average trading volume of 15.43M shares, CRGE reached a trading volume of 17684218 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Charge Enterprises Inc [CRGE]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CRGE shares is $4.50 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CRGE stock is a recommendation set at 1.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

H.C. Wainwright have made an estimate for Charge Enterprises Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on October 14, 2022.

The Average True Range (ATR) for Charge Enterprises Inc is set at 0.04, with the Price to Sales ratio for CRGE stock in the period of the last 12 months amounting to 0.05. The Price to Book ratio for the last quarter was 1.29, with the Price to Cash per share for the same quarter was set at 0.27. Price to Free Cash Flow for CRGE in the course of the last twelve months was 1.68 with Quick ratio for the last quarter at 0.93.

How has CRGE stock performed recently?

Charge Enterprises Inc [CRGE] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -7.40. With this latest performance, CRGE shares gained by 18.55% in over the last four-week period, additionally sinking by -85.11% over the last 6 months – not to mention a drop of -89.17% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CRGE stock in for the last two-week period is set at 50.60, with the RSI for the last a single of trading hit 52.01, and the three-weeks RSI is set at 48.08 for Charge Enterprises Inc [CRGE]. The present Moving Average for the last 50 days of trading for this stock 0.1536, while it was recorded at 0.1499 for the last single week of trading, and 0.6172 for the last 200 days.

Charge Enterprises Inc [CRGE]: Deeper insight into the fundamentals

Charge Enterprises Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.93 and a Current Ratio set at 0.94.

Earnings analysis for Charge Enterprises Inc [CRGE]

With the latest financial reports released by the company, Charge Enterprises Inc posted -0.06/share EPS, while the average EPS was predicted by analysts to be reported at -0.06/share. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CRGE.

Insider trade positions for Charge Enterprises Inc [CRGE]

The top three institutional holders of CRGE stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in CRGE stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in CRGE stock with ownership which is approximately 5.8325%.