Surf Air Mobility Inc (NYSE: SRFM) is -76.87% lower on its value in year-to-date trading and has touched a low of $0.90 and a high of $11.83 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The SRFM stock was last observed hovering at around $2.05 in the last trading session, with the day’s gains setting it 0.46%.
Currently trading at $2.51, the stock is 32.70% and 41.66% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.83 million and changing 22.44% at the moment leaves the stock -21.61% off its SMA200. SRFM registered -49.91% loss for a year compared to 6-month loss of -2.30%. The firm has a 50-day simple moving average (SMA 50) of $1.7526 and a 200-day simple moving average (SMA200) of $3.22954.
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The stock witnessed a 26.13% gain in the last 1 month and extending the period to 3 months gives it a 66.23%, and is 45.93% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 20.22% over the week and 13.46% over the month.
Surf Air Mobility Inc (SRFM) has around 833 employees, a market worth around $38.92M and $118.21M in sales. Profit margin for the company is -158.33%. Distance from 52-week low is 178.89% and -78.78% from its 52-week high.
The EPS is expected to grow by 83.84% this year
23.0 institutions hold shares in Surf Air Mobility Inc (SRFM), with institutional investors hold 49.33% of the company’s shares. The shares outstanding are 10.88M, and float is at 9.73M with Short Float at 6.59%. Institutions hold 41.21% of the Float.
Surf Air Mobility Inc (SRFM) Insider Activity
The most recent transaction is an insider purchase by Palantir Technologies Inc., the company’s 10% Owner. SEC filings show that Palantir Technologies Inc. bought 1,270,869 shares of the company’s common stock on Oct 02 ’24 at a price of $1.25 per share for a total of $1.59 million. Following the purchase, the insider now owns 2.73 million shares.
Surf Air Mobility Inc disclosed in a document filed with the SEC on Sep 30 ’24 that Palantir Technologies Inc. (10% Owner) sold a total of 3,100 shares of the company’s common stock. The trade occurred on Sep 30 ’24 and was made at $1.37 per share for $4248.0. Following the transaction, the insider now directly holds 1.46 million shares of the SRFM stock.
Still, SEC filings show that on Sep 27 ’24, Palantir Technologies Inc. (10% Owner) disposed off 4,102 shares at an average price of $1.30 for $5314.0. The insider now directly holds 1,462,397 shares of Surf Air Mobility Inc (SRFM).
