Surf Air Mobility Inc [SRFM] stock is trading at $2.05, down -37.31%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The SRFM shares have gain 5.67% over the last week, with a monthly amount glided 32.26%, 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.
Surf Air Mobility Inc [SRFM] stock has fluctuated between $0.90 and $11.83 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 $2.05 at the most recent close of the market. An investor can expect a potential drop of -36.59% based on the average SRFM price forecast.
Analyzing the SRFM fundamentals
Surf Air Mobility Inc [NYSE:SRFM] reported sales of 111.79M for the trailing twelve months, which represents a growth 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -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 1.75 points at the first support level, and at 1.45 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.60, and for the 2nd resistance point, it is at 3.15.
Ratios To Look Out For
For context, Surf Air Mobility Inc’s Current Ratio is 0.08. In addition, the Quick Ratio stands at 0.08 and the Cash Ratio stands at 0.01. Considering the valuation of this stock, the price to sales ratio is 0.24.
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.
