The stock of Surf Air Mobility Inc (SRFM) has gone up by 5.67% for the week, with a 32.26% rise in the past month and a -23.42% drop in the past quarter. The volatility ratio for the week is 38.65%, and the volatility levels for the past 30 days are 19.57% for SRFM. The simple moving average for the past 20 days is 28.89% for SRFM’s stock, with a -51.39% simple moving average for the past 200 days.
Is It Worth Investing in Surf Air Mobility Inc (NYSE: SRFM) Right Now?
Additionally, the 36-month beta value for SRFM is 0.50. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 0 rating it as “overweight,” 2 rating it as “hold,” and 0 rating it as “sell.”
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The public float for SRFM is 9.03M and currently, short sellers hold a 5.49% ratio of that float. The average trading volume of SRFM on October 14, 2024 was 684.40K shares.
SRFM) stock’s latest price update
The stock of Surf Air Mobility Inc (NYSE: SRFM) has decreased by -37.31 when compared to last closing price of 3.27.Despite this, the company has seen a gain of 5.67% in its stock price over the last five trading days. finbold.com reported 2024-10-08 that Amid the massive success of Palantir (NYSE: PLTR), whose stock has steadily grown this year, with some analysts even saying it is starting to look “very expensive,” the big data software manufacturer made a large investment in an air transportation company, driving up the price of its shares.
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 26.11% 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 -82.67% of loss for the given period.
Volatility was left at 19.57%, however, over the last 30 days, the volatility rate increased by 38.65%, as shares surge +38.51% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -6.91% lower at present.
During the last 5 trading sessions, SRFM rose by +5.67%, which changed the moving average for the period of 200-days by -76.00% in comparison to the 20-day moving average, which settled at $1.59. In addition, Surf Air Mobility Inc saw -81.11% 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 Palantir Technologies Inc., who purchase 1,270,869 shares at the price of $1.25 back on Oct 02 ’24. After this action, Palantir Technologies Inc. now owns 2,730,166 shares of Surf Air Mobility Inc, valued at $1,585,917 using the latest closing price.
Palantir Technologies Inc., the 10% Owner of Surf Air Mobility Inc, sale 3,100 shares at $1.37 during a trade that took place back on Sep 30 ’24, which means that Palantir Technologies Inc. is holding 1,459,297 shares at $4,248 based on the most recent closing price.
Stock Fundamentals for SRFM
Current profitability levels for the company are sitting at:
- -1.53 for the present operating margin
- 0.0 for the gross margin
The net margin for Surf Air Mobility Inc stands at -2.23. The total capital return value is set at 2.11.
Based on Surf Air Mobility Inc (SRFM), the company’s capital structure generated -2.06 points at debt to capital in total, while cash flow to debt ratio is standing at -0.72. The debt to equity ratio resting at -0.67. The interest coverage ratio of the stock is -29.25.
Currently, EBITDA for the company is -132.96 million with net debt to EBITDA at -0.54. When we switch over and look at the enterprise to sales, we see a ratio of 1.04. The receivables turnover for the company is 24.91for trailing twelve months and the total asset turnover is 1.06. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.08.
Conclusion
In conclusion, Surf Air Mobility Inc (SRFM) has seen mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it 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.
