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NYSE:SRFM

Surf Air Mobility (SRFM) Stock Price, News & Analysis

$1.24
+0.07 (+5.98%)
(As of 09/26/2024 ET)

About Surf Air Mobility Stock (NYSE:SRFM)

Key Stats

Today's Range
$1.12
$1.24
50-Day Range
$0.29
$2.54
52-Week Range
$0.90
$13.08
Volume
73,301 shs
Average Volume
105,887 shs
Market Capitalization
$102.96 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$4.00
Consensus Rating
Hold

Company Overview

Surf Air Mobility Inc. operates as an electric aviation and air travel company in the United States. The company offers an air mobility platform with scheduled routes and on demand charter flights operated by third parties. Surf Air Mobility Inc. is headquartered in Hawthorne, California.

Surf Air Mobility Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
50th Percentile Overall Score

SRFM MarketRank™: 

Surf Air Mobility scored higher than 50% of companies evaluated by MarketBeat, and ranked 93rd out of 129 stocks in the transportation sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Surf Air Mobility has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 3 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Surf Air Mobility has only been the subject of 1 research reports in the past 90 days.

  • Read more about Surf Air Mobility's stock forecast and price target.
  • Earnings Growth

    Earnings for Surf Air Mobility are expected to grow in the coming year, from ($7.07) to ($3.92) per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Surf Air Mobility is -0.20, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Surf Air Mobility is -0.20, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

  • Read more about Surf Air Mobility's valuation and earnings.
  • Percentage of Shares Shorted

    3.91% of the float of Surf Air Mobility has been sold short.
  • Short Interest Ratio / Days to Cover

    Surf Air Mobility has a short interest ratio ("days to cover") of 2.7, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Surf Air Mobility has recently decreased by 14.99%, indicating that investor sentiment is improving significantly.
  • Dividend Yield

    Surf Air Mobility does not currently pay a dividend.

  • Dividend Growth

    Surf Air Mobility does not have a long track record of dividend growth.

  • Percentage of Shares Shorted

    3.91% of the float of Surf Air Mobility has been sold short.
  • Short Interest Ratio / Days to Cover

    Surf Air Mobility has a short interest ratio ("days to cover") of 2.7, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Surf Air Mobility has recently decreased by 14.99%, indicating that investor sentiment is improving significantly.
  • News Sentiment

    Surf Air Mobility has a news sentiment score of -0.27. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.61 average news sentiment score of Transportation companies.
  • News Coverage This Week

    MarketBeat has tracked 4 news articles for Surf Air Mobility this week, compared to 1 article on an average week.
  • Search Interest

    Only 2 people have searched for SRFM on MarketBeat in the last 30 days. This is a decrease of -33% compared to the previous 30 days.
  • MarketBeat Follows

    7 people have added Surf Air Mobility to their MarketBeat watchlist in the last 30 days. This is an increase of 250% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Surf Air Mobility insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $33,489.00 in company stock.

  • Percentage Held by Institutions

    Only 17.68% of the stock of Surf Air Mobility is held by institutions.

  • Read more about Surf Air Mobility's insider trading history.
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SRFM Stock News Headlines

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SRFM Stock Analysis - Frequently Asked Questions

Surf Air Mobility's stock was trading at $10.85 at the start of the year. Since then, SRFM stock has decreased by 88.6% and is now trading at $1.24.
View the best growth stocks for 2024 here
.

Surf Air Mobility Inc. (NYSE:SRFM) released its quarterly earnings results on Wednesday, August, 14th. The company reported ($1.96) EPS for the quarter, missing the consensus estimate of ($1.40) by $0.56. The company earned $32.37 million during the quarter, compared to analyst estimates of $30.15 million.

Surf Air Mobility shares reverse split on the morning of Monday, August 19th 2024. The 1-7 reverse split was announced on Friday, August 9th 2024. The number of shares owned by shareholders was adjusted after the market closes on Friday, August 16th 2024. An investor that had 100 shares of stock prior to the reverse split would have 14 shares after the split.

Surf Air Mobility (SRFM) raised $281 million in an initial public offering on Thursday, July 27th 2023. The company issued 23,700,000 shares at $11.86 per share. Morgan Stanley, Canaccord Genuity, Moelis & Co., Baird and Sanford Bernstein served as the underwriters for the IPO.

Shares of SRFM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Company Calendar

Last Earnings
8/14/2024
Today
9/26/2024
Next Earnings (Estimated)
11/12/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Air transportation, nonscheduled
Sub-Industry
Transportation
Fax
N/A
Employees
625
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$4.00
High Stock Price Target
$7.00
Low Stock Price Target
$2.20
Potential Upside/Downside
+222.6%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
3 Analysts

Profitability

Net Income
$-250,700,000.00
Net Margins
-223.23%
Pretax Margin
-226.25%

Debt

Sales & Book Value

Annual Sales
$111.79 million
Book Value
($7.36) per share

Miscellaneous

Free Float
N/A
Market Cap
$102.96 million
Optionable
Not Optionable
Beta
1.50
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This page (NYSE:SRFM) was last updated on 9/26/2024 by MarketBeat.com Staff
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