At the time of writing, Surf Air Mobility Inc [SRFM] stock is trading at $2.08, down -3.26%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The SRFM shares have gain 26.83% over the last week, with a monthly amount glided 1.46%, 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.
For the past year, the stock price of Surf Air Mobility Inc fluctuated between $0.90 and $11.83. 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 $2.08 at the most recent close of the market. An investor can expect a potential drop of -37.5% based on the average SRFM price forecast.
Analyzing the SRFM fundamentals
According to Surf Air Mobility Inc [NYSE:SRFM], the company’s sales were 111.79M for trailing twelve months, which represents an 422.45% jump. 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 1.93 points at the first support level, and at 1.79 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.33, and for the 2nd resistance point, it is at 2.59.
Ratios To Look Out For
It is important to note that Surf Air Mobility Inc [NYSE:SRFM] has a current ratio of 0.08. Also, the Quick Ratio is 0.08, while the Cash Ratio stands at 0.01. Considering the valuation of this stock, the price to sales ratio is 0.29.
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.
