Currently, Surf Air Mobility Inc [SRFM] is trading at $4.18, up 29.81%. 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 18.41% over the last week, with a monthly amount glided 3.21%, and seem to be holding up well over a long-time horizon.
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.
This stock has fluctuated between a low of $0.90 and a high of $7.77 over the last 52 weeks. 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 $4.18 at the most recent close of the market. An investor can expect a potential drop of -68.9% based on the average SRFM price forecast.
Analyzing the SRFM fundamentals
Trailing Twelve Months sales for Surf Air Mobility Inc [NYSE:SRFM] were 118.21M which represents 29.22% growth. Gross Profit Margin for this corporation currently stands at 0.01% with Operating Profit Margin at -0.99%, Pretax Profit Margin comes in at -1.58%, and Net Profit Margin reading is -1.58%. To continue investigating profitability, this company’s Return on Assets is posted at -1.91, Equity is 1.67 and Total Capital is 3.32. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -0.33.
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 3.60 points at the first support level, and at 3.02 for the second support level. However, for the 1st resistance point, the stock is sitting at 4.54, and for the 2nd resistance point, it is at 4.90.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Surf Air Mobility Inc [NYSE:SRFM] is 0.11. Also, the Quick Ratio is 0.11, while the Cash Ratio stands at 0.0. Considering the valuation of this stock, the price to sales ratio is 0.60.
Transactions by insiders
Recent insider trading involved ALBERT CARL A, Director, that happened on Dec 23 ’24 when 14500.0 shares were purchased. Director, Shahani Sudhin completed a deal on Dec 23 ’24 to buy 17237.0 shares. Meanwhile, 10% Owner Palantir Technologies Inc. bought 0.45 million shares on Dec 09 ’24.
