During the last session, Surf Air Mobility Inc (NYSE:SRFM)’s traded shares were 1.91 million, with the beta value of the company hitting 3.41. At the end of the trading day, the stock’s price was $3.82, reflecting an intraday gain of 12.68% or $0.43. The 52-week high for the SRFM share is $11.83, that puts it down -209.69 from that peak though still a striking 76.44% gain since the share price plummeted to a 52-week low of $0.90. The company’s market capitalization is $59.24M, and the average intraday trading volume over the past 10 days was 0.45 million shares, and the average trade volume was 883.19K shares over the past three months.
Surf Air Mobility Inc (SRFM) received a consensus recommendation of Hold from analysts. That translates to a mean rating of 3.00. SRFM has a Sell rating from 0 analyst(s) out of 1 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 0 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.
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Surf Air Mobility Inc (NYSE:SRFM) trade information
Surf Air Mobility Inc (SRFM) registered a 12.68% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 12.68% in intraday trading to $3.82, hitting a weekly high. The stock’s 5-day price performance is -14.16%, and it has moved by 96.91% in 30 days. Based on these gigs, the overall price performance for the year is -38.68%. The short interest in Surf Air Mobility Inc (NYSE:SRFM) is 0.64 million shares and it means that shorts have 0.35 day(s) to cover.
The consensus price target of analysts on Wall Street is $2.2, which implies a decrease of -73.64% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $2.2 and $2.2 respectively. As a result, SRFM is trading at a premium of 42.41% off the target high and 42.41% off the low.
Surf Air Mobility Inc (SRFM) estimates and forecasts
Statistics show that Surf Air Mobility Inc has outperformed its competitors in share price, compared to the industry in which it operates. Surf Air Mobility Inc (SRFM) shares have gone up 113.17% during the last six months, with a year-to-date growth rate more than the industry average at 78.46% against -17.50. In the rating firms’ projections, revenue will increase 98.45% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 29.8M as predicted by 2 analyst(s). Meanwhile, a consensus of 2 analyst(s) estimates revenue growth to 40.44M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 26.84M and 30.62M respectively. In this case, analysts expect current quarter sales to grow by 11.06% and then jump by 32.06% in the coming quarter.
While earnings are projected to return 83.58% in 2024.
SRFM Dividends
Surf Air Mobility Inc is due to release its next quarterly earnings in January. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Surf Air Mobility Inc (NYSE:SRFM)’s Major holders
Surf Air Mobility Inc insiders own 16.47% of total outstanding shares while institutional holders control 41.21%, with the float percentage being 49.33%.
