In the past week, SRFM stock has gone up by 51.84%, with a monthly gain of 4.86% and a quarterly plunge of -58.39%. The volatility ratio for the week is 22.19%, and the volatility levels for the last 30 days are 14.61% for Surf Air Mobility Inc The simple moving average for the past 20 days is 19.98% for SRFM’s stock, with a -61.75% simple moving average for the past 200 days.
Is It Worth Investing in Surf Air Mobility Inc (NYSE: SRFM) Right Now?
There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
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The public float for SRFM is 66.07M, and at present, short sellers hold a 2.26% of that float. The average trading volume of SRFM on June 21, 2024 was 766.81K shares.
SRFM) stock’s latest price update
Surf Air Mobility Inc (NYSE: SRFM) has seen a decline in its stock price by -7.45 in relation to its previous close of 0.42. However, the company has experienced a 51.84% gain in its stock price over the last five trading sessions. businesswire.com reported 2024-06-13 that LOS ANGELES–(BUSINESS WIRE)–Surf Air Mobility Inc. (NYSE: SRFM) (“Surf Air Mobility”, “Surf Air”, “the company”), a leading regional air mobility platform, announced today that Jim Sullivan, an experienced airline executive and former airline captain, will become President of Air Mobility starting July 15th. Mr. Sullivan has recently served as Interim CEO and COO of Lynx Air, a Canadian commercial airline. He has also served as Vice President of Flight Operations at both JetBlue Airways and F.
Analysts’ Opinion of SRFM
Many brokerage firms have already submitted their reports for SRFM stocks, with Canaccord Genuity repeating the rating for SRFM by listing it as a “Hold.” The predicted price for SRFM in the upcoming period, according to Canaccord Genuity is $1 based on the research report published on May 15, 2024 of the current year 2024.
Piper Sandler, on the other hand, stated in their research note that they expect to see SRFM reach a price target of $4. The rating they have provided for SRFM stocks is “Overweight” according to the report published on September 08th, 2023.
Canaccord Genuity gave a rating of “Buy” to SRFM, setting the target price at $3 in the report published on August 28th of the previous year.
SRFM Trading at -5.86% from the 50-Day Moving Average
After a stumble in the market that brought SRFM to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -92.23% of loss for the given period.
Volatility was left at 14.61%, however, over the last 30 days, the volatility rate increased by 22.19%, as shares surge +7.61% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -52.73% lower at present.
During the last 5 trading sessions, SRFM rose by +52.38%, which changed the moving average for the period of 200-days by -81.42% in comparison to the 20-day moving average, which settled at $0.3253. In addition, Surf Air Mobility Inc saw -74.92% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at SRFM starting from Mady Edward A., who sale 54,914 shares at the price of $2.05 back on Jul 31 ’23. After this action, Mady Edward A. now owns 95,784 shares of Surf Air Mobility Inc, valued at $112,574 using the latest closing price.
Stock Fundamentals for SRFM
Current profitability levels for the company are sitting at:
- -1.86 for the present operating margin
- -0.04 for the gross margin
The net margin for Surf Air Mobility Inc stands at -3.12. The total capital return value is set at 2.81.
Based on Surf Air Mobility Inc (SRFM), the company’s capital structure generated -2.88 points at debt to capital in total, while cash flow to debt ratio is standing at -0.86. The debt to equity ratio resting at -0.74. The interest coverage ratio of the stock is -35.62.
Currently, EBITDA for the company is -132.96 million with net debt to EBITDA at -0.53. When we switch over and look at the enterprise to sales, we see a ratio of 1.36. The receivables turnover for the company is 18.18for trailing twelve months and the total asset turnover is 0.79. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.10.
Conclusion
In summary, Surf Air Mobility Inc (SRFM) has had a mixed performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
