In the last trading session, 1.23 million Surf Air Mobility Inc (NYSE:SRFM) shares changed hands as the company’s beta touched 1.59. With the company’s per share price at $0.29 changed hands at -$0.01 or -3.88% during last session, the market valuation stood at $26.04M. SRFM’s last price was a discount, traded about -762.07% off its 52-week high of $2.50. The share price had its 52-week low at $0.22, which suggests the last value was 24.14% up since then. When we look at Surf Air Mobility Inc’s average trading volume, we note the 10-day average is 0.24 million shares, with the 3-month average coming to 1.07 million.
Analysts gave the Surf Air Mobility Inc (SRFM) stock a consensus recommendation rating of Hold, calculated at a mean rating of 2.33. If we narrow down to specifics, the data shows that 0 out of 1 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 1 recommended SRFM as a Hold, 0 felt it is a Buy and 0 rated the stock as Underweight. Surf Air Mobility Inc’s EPS for the current quarter is expected to be -0.15.
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Surf Air Mobility Inc (NYSE:SRFM) trade information
Instantly SRFM was in red as seen at the end of in last trading. With action -6.63%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -81.29%, with the 5-day performance at -6.63% in the red. However, in the 30-day time frame, Surf Air Mobility Inc (NYSE:SRFM) is -2.39% down. Looking at the short shares, we see there were 1.43 million shares sold at short interest cover period of 3.72 days.
The consensus price target for the stock as assigned by Wall Street analysts is 0.7, meaning bulls need an upside of 58.57% from its current market value. According to analyst projections, SRFM’s forecast low is 0.4 with 1 as the target high. To hit the forecast high, the stock’s price needs a -244.83% plunge from its current level, while the stock would need to soar -37.93% for it to hit the projected low.
Surf Air Mobility Inc (SRFM) estimates and forecasts
Data shows that the Surf Air Mobility Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -73.39% over the past 6 months, a 78.46% in annual growth rate that is considerably higher than the industry average of -15.60%. Year-over-year growth is forecast to reach 103.20% up from the last financial year.
Consensus estimates given by 2 financial analysts project the company’s revenue in the current quarter to hit an average of 26.3M. 2 analysts are of the opinion that Surf Air Mobility Inc’s revenue for the current quarter will be 32.15M. The company’s revenue for the corresponding quarters a year ago was 21.97M and 26.84M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 19.70%. The estimates for the next quarter sales put growth at 19.80%.
The 2024 estimates are for Surf Air Mobility Inc earnings to increase by 85.98%.
Surf Air Mobility Inc (NYSE:SRFM)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 18.49% of Surf Air Mobility Inc shares while 24.00% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 29.45%.
