Surf Air Mobility Inc [SRFM] stock prices are up 12.37% to $2.18 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The SRFM shares have gain 62.69% over the last week, with a monthly amount glided 111.65%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Surf Air Mobility Inc [NYSE: SRFM] stock has seen the most recent analyst activity on May 15, 2024, when Canaccord Genuity downgraded its rating to a Hold and also revised its price target to $1 from $2.50. Previously, Piper Sandler started tracking the stock with Overweight rating on September 08, 2023, and set its price target to $4. On August 28, 2023, Canaccord Genuity initiated with a Buy rating and assigned a price target of $3 on the stock. Bernstein started tracking the stock assigning a Outperform rating.
The stock price of Surf Air Mobility Inc [SRFM] has been fluctuating between $0.90 and $12.74 over the past year. Currently, Wall Street analysts expect the stock to reach $1.3 within the next 12 months. Surf Air Mobility Inc [NYSE: SRFM] shares were valued at $2.18 at the most recent close of the market. An investor can expect a potential drop of -40.37% based on the average SRFM price forecast.
Analyzing the SRFM fundamentals
The Surf Air Mobility Inc [NYSE:SRFM] reported sales of 111.79M for trailing twelve months, representing a surge of 422.45%. Gross Profit Margin for this corporation currently stands at 0.0% with Operating Profit Margin at -1.53%, Pretax Profit Margin comes in at -2.26%, and Net Profit Margin reading is -2.23%. To continue investigating profitability, this company’s Return on Assets is posted at -2.36, Equity is 3.52 and Total Capital is 2.11. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-0.67.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 1.9600 points at the first support level, and at 1.7500 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.5800, and for the 2nd resistance point, it is at 2.9800.
Ratios To Look Out For
It’s worth pointing out that Surf Air Mobility Inc [NYSE:SRFM]’s Current Ratio is 0.08. On the other hand, the Quick Ratio is 0.08, and the Cash Ratio is 0.01. Considering the valuation of this stock, the price to sales ratio is 0.25.
Transactions by insiders
Recent insider trading involved Palantir Technologies Inc., 10% Owner, that happened on Oct 02 ’24 when 1.27 million shares were purchased. 10% Owner, Palantir Technologies Inc. completed a deal on Sep 30 ’24 to sell 3100.0 shares. Meanwhile, 10% Owner Palantir Technologies Inc. sold 4102.0 shares on Sep 27 ’24.
