Surf Air Mobility Inc Shares Are Down -88.27% Since The Beginning Of The Year

Surf Air Mobility Inc (NYSE:SRFM) has a beta value of 1.69 and has seen 87279.0 shares traded in the last trading session. The company, currently valued at $15.91M, closed the last trade at $1.24 per share which meant it lost -$0.11 on the day or -8.15% during that session. The SRFM stock price is -1311.29% off its 52-week high price of $17.50 and 0.0% above the 52-week low of $1.24. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.19 million shares traded. The 3-month trading volume is 174.66K shares.

The consensus among analysts is that Surf Air Mobility Inc (SRFM) is Hold stock at the moment, with a recommendation rating of 2.00. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 1 out of 1 have rated it as a Hold, with 0 advising it as a Buy. 0 have rated the stock as Underweight.

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Surf Air Mobility Inc (NYSE:SRFM) trade information

Sporting -8.15% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the SRFM stock price touched $1.24 or saw a rise of 18.95%. Year-to-date, Surf Air Mobility Inc shares have moved -88.57%, while the 5-day performance has seen it change -17.88%. Over the past 30 days, the shares of Surf Air Mobility Inc (NYSE:SRFM) have changed -43.69%. Short interest in the company has seen 0.42 million shares shorted with days to cover at 3.37.

Wall Street analysts have a consensus price target for the stock at $1.3, which means that the shares’ value could jump 4.62% from current levels. The projected low price target is $0.4 while the price target rests at a high of $2.2. In that case, then, we find that the current price level is -77.42% off the targeted high while a plunge would see the stock lose 67.74% from current levels.

Surf Air Mobility Inc (SRFM) estimates and forecasts

Figures show that Surf Air Mobility Inc shares have outperformed across the wider relevant industry. The company’s shares have lost -83.90% over the past 6 months, with this year growth rate of 78.46%, compared to -19.10% for the industry.

SRFM Dividends

Surf Air Mobility Inc is expected to release its next earnings report in October this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

Surf Air Mobility Inc (NYSE:SRFM)’s Major holders

Insiders own 18.10% of the company shares, while shares held by institutions stand at 23.36% with a share float percentage of 28.53%. Investors are also buoyed by the number of investors in a company, with Surf Air Mobility Inc having a total of 34.0 institutions that hold shares in the company.