Surf Air Mobility Inc (NYSE: SRFM): The Stock We Should Bet On For Economic Growth In The Months To Come

In the last trading session, 3.24 million shares of the Surf Air Mobility Inc (NYSE:SRFM) were traded, and its beta was 3.04. Most recently the company’s share price was $5.61, and it changed around $0.12 or 2.19% from the last close, which brings the market valuation of the company to $91.47M. SRFM currently trades at a discount to its 52-week high of $11.83, offering almost -110.87% off that amount. The share price’s 52-week low was $0.90, which indicates that the current value has risen by an impressive 83.96% since then. We note from Surf Air Mobility Inc’s average daily trading volume that its 10-day average is 0.94 million shares, with the 3-month average coming to 1.01 million.

Surf Air Mobility Inc stock received a consensus recommendation rating of Hold, based on a mean score of 3.00. If we narrow it down even further, the data shows that 0 out of 2 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 1 recommended SRFM as a Hold, whereas 0 deemed it a Buy, and 0 rated it as Underweight. Surf Air Mobility Inc is expected to report earnings per share of 0 for the current quarter.

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Surf Air Mobility Inc (NYSE:SRFM) trade information

Instantly SRFM has showed a green trend with a performance of 2.19% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 6.41 on recent trading dayincreased the stock’s daily price by 12.48%. The company’s shares are currently down -48.29% year-to-date, but still up 108.55% over the last five days. On the other hand, Surf Air Mobility Inc (NYSE:SRFM) is 61.21% up in the 30-day period. We can see from the shorts that 0.64 million shares have been sold at a short interest cover period of 0.35 day(s).

The consensus price target as assigned by Wall Street analysts is $2.2, which translates to bulls needing to decrease their stock price by -155.0% from its current value. Analyst projections state that SRFM is forecast to be at a low of $2.2 and a high of $2.2.

Surf Air Mobility Inc (SRFM) estimates and forecasts

The year-over-year growth rate is expected to be 95.36%, up from the previous year.

Consensus estimates provided by 1 financial analysts predict the company will bring in an average of 26.9M in revenue for the current quarter. 2 analysts expect Surf Air Mobility Inc to make 40.44M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 26.84M and 30.62M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 0.24%. Forecasts for the next quarter put sales growth at 32.06%.

SRFM Dividends

Surf Air Mobility Inc’s next quarterly earnings report is expected to be released in January.

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

Upon looking at major shareholders, it appears that insiders hold 16.47% of Surf Air Mobility Inc shares, and 41.21% of them are in the hands of institutional investors. The stock currently has a share float of 49.33%.