Surf Air Mobility Inc (NYSE:SRFM)’s traded shares stood at 0.32 million during the last session, with the company’s beta value hitting 3.29. At the close of trading, the stock’s price was $4.66, to imply an increase of 4.72% or $0.21 in intraday trading. The SRFM share’s 52-week high remains $11.83, putting it -153.86% down since that peak but still an impressive 80.69% since price per share fell to its 52-week low of $0.90. The company has a valuation of $72.27M, with an average of 0.61 million shares in intraday trading volume over the past 10 days and average of 879.69K shares over the past 3 months.
Analysts have given a consensus recommendation of Hold for Surf Air Mobility Inc (SRFM), translating to a mean rating of 3.00. Of 1 analyst(s) looking at the stock, 0 analyst(s) give SRFM a Sell rating. 0 of those analysts rate the stock as Overweight while 1 advise Hold as 0 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 0.
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Surf Air Mobility Inc (NYSE:SRFM) trade information
After registering a 4.72% upside in the last session, Surf Air Mobility Inc (SRFM) has traded red over the past five days. The 5-day price performance for the stock is 16.21%, and 158.89% over 30 days. With these gigs, the year-to-date price performance is -57.05%. Short interest in Surf Air Mobility Inc (NYSE:SRFM) saw shorts transact 0.64 million shares and set a 0.35 days time to cover.
The extremes give us $2.2 and $2.2 for target low and target high price respectively. As such, SRFM has been trading 52.79% off suggested target high and 52.79% from its likely low.
Surf Air Mobility Inc (SRFM) estimates and forecasts
Looking at statistics comparing Surf Air Mobility Inc share performance against respective industry, we note that the company has outperformed competitors. Surf Air Mobility Inc (SRFM) shares are 121.90% up over the last 6 months, with its year-to-date growth rate higher than industry average at 78.46% against -18.00%. The rating firms project that company’s revenue will grow 98.45% compared to the previous financial year.
Revenue forecast for the current quarter as set by 2 analysts is 29.8M. Meanwhile, for the current quarter, a total of 2 analyst(s) estimate revenue growth to 40.44M.Earnings reports from the last fiscal year show that sales brought in 26.84M and 30.62M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 11.06% before jumping 32.06% in the following quarter.
SRFM Dividends
Surf Air Mobility Inc has its next earnings report out in January. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Surf Air Mobility Inc (NYSE:SRFM)’s Major holders
Surf Air Mobility Inc insiders hold 16.47% of total outstanding shares, with institutional holders owning 41.21% of the shares at 49.33% float percentage. In total, 41.21% institutions holds shares in the company.
We also have Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund as the top two Mutual Funds with the largest holdings of the Surf Air Mobility Inc (SRFM) shares. Going by data provided on Sep 30, 2024, Vanguard Total Stock Market Index Fund holds roughly 413.45 shares. This is just over 2.67% of the total shares, with a market valuation of $1.93 million. Data from the same date shows that the other fund manager holds a little less at 98.11, or 0.63% of the shares, all valued at about 0.46 million.
