Charge Enterprises, Inc. (NASDAQ:CRGE – Get Free Report) was the recipient of a large decrease in short interest in the month of October. As of October 31st, there was short interest totalling 3,680,000 shares, a decrease of 5.6% from the October 15th total of 3,900,000 shares. Currently, 3.2% of the shares of the company are short sold. Based on an average daily volume of 510,700 shares, the days-to-cover ratio is currently 7.2 days.
Insider Activity at Charge Enterprises
In related news, Director Justin Deutsch acquired 105,400 shares of the firm’s stock in a transaction on Friday, September 8th. The stock was bought at an average cost of $0.46 per share, with a total value of $48,484.00. Following the transaction, the director now owns 1,080,168 shares of the company’s stock, valued at $496,877.28. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders bought a total of 163,400 shares of company stock valued at $78,744 in the last three months. 25.22% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On Charge Enterprises
Several hedge funds have recently made changes to their positions in the business. Truepoint Inc. acquired a new position in Charge Enterprises in the first quarter valued at $26,000. Virtu Financial LLC bought a new stake in Charge Enterprises in the second quarter valued at about $29,000. Two Sigma Advisers LP bought a new stake in Charge Enterprises in the third quarter valued at about $29,000. Federated Hermes Inc. bought a new stake in Charge Enterprises in the third quarter valued at about $30,000. Finally, Price T Rowe Associates Inc. MD grew its holdings in shares of Charge Enterprises by 85.8% during the third quarter. Price T Rowe Associates Inc. MD now owns 19,175 shares of the company’s stock valued at $34,000 after purchasing an additional 8,856 shares during the last quarter. Institutional investors and hedge funds own 21.21% of the company’s stock.
Wall Street Analysts Forecast Growth
Charge Enterprises Stock Performance
NASDAQ CRGE opened at $0.29 on Friday. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.94 and a quick ratio of 0.93. The business has a 50 day moving average price of $0.43 and a 200 day moving average price of $0.73. The company has a market capitalization of $62.66 million, a P/E ratio of -1.46 and a beta of 3.15. Charge Enterprises has a 1-year low of $0.27 and a 1-year high of $2.50.
Charge Enterprises (NASDAQ:CRGE – Get Free Report) last released its quarterly earnings results on Wednesday, November 8th. The company reported ($0.05) earnings per share for the quarter, hitting the consensus estimate of ($0.05). Charge Enterprises had a negative return on equity of 136.79% and a negative net margin of 5.76%. The company had revenue of $132.28 million during the quarter, compared to the consensus estimate of $147.95 million. Sell-side analysts expect that Charge Enterprises will post -0.18 EPS for the current fiscal year.
About Charge Enterprises
Charge Enterprises Inc operates as an electrical, broadband, and electric vehicle (EV) charging infrastructure company. The company provides clients with end-to-end project management services, including advising, designing, engineering, acquiring and installing equipment, monitoring, servicing, and maintenance.
- Five stocks we like better than Charge Enterprises
- Large Cap Stock Definition and How to Invest
- MarketBeat Week in Review – 11/13 – 11/17
- How to Invest in Electric Cars
- 3 large caps with red hot RSIs with upside
- The “How” and “Why” of Investing in 5G Stocks
- Johnson Controls International: Nothing but upside for investors
Receive News & Ratings for Charge Enterprises Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Charge Enterprises and related companies with MarketBeat.com's FREE daily email newsletter.