The stock of Surf Air Mobility Inc. (NYSE:SRFM) decreased by -$0.06 on Tuesday to finish at $2.40, down -2.44 percent. The last five days have seen an average of 1,724,800 shares of common stock traded. The average number of shares traded over the last 20 days was 897,080.
SRFM stock appreciated 100.00% since last month. On 08/21/23, the company’s shares reached a one-month low of $1.10. The stock touched a high of $5.00, after rallying from a low of $1.10 in 52 weeks. The price of SRFM stock has declined by -23.81%. Still, the stock price is down -52.00% from the 52-week high.
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Insider Transactions
SRFM stock investors should be aware that Surf Air Mobility Inc. (SRFM) stock had its last reported insider trading activity 51 days ago on Jul 31. On Jul 31, Director Mady Edward A. sold 54,914 shares at $2.05 each. This transaction resulted in the insider making $112,574.
Financial Health
For the recent quarter, Surf Air Mobility Inc.’s quick ratio was 0.10, while its current ratio was 0.10, indicating its inability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is -20.40% percent.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. There was a 26.20% return on investment (ROI) in the past year.
Earnings Surprise
Net income for the quarter came in at $6.2 million, while revenues rose by 100.0% to $0.0. At the end of Surf Air Mobility Inc.’s most recent quarter, its total debt was $105.1 million.
Technical Picture
Here’s a quick look at Surf Air Mobility Inc.’s (SRFM) price momentum from a technical perspective. As of 19 September, the RSI 9-day stood at 69.00%, suggesting the stock is Neutral, with a 188.76% historical volatility rate.
The stochastic %K and %D were 95.47% and 92.14% respectively, while the average true range (ATR) was 0.28. Based on the 14-day stochastic reading of 91.15%, the RSI (14) reading is 58.79%. On the 9-day MACD Oscillator, the stock is at 0.42, and the 14-day reading is at 0.48.
Analyst Ratings
In its analyst report released on September 08, 2023, Piper Sandler began covering Surf Air Mobility Inc. (NYSE: SRFM). The stock was rated as an Overweight by the brokerage firm. Analysts have assigned Surf Air Mobility Inc. (SRFM) an Buy rating. SRFM is a stock that is recommended for selling by 0 brokerage firms, while 0 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 1 rate it overweight and 2 others recommend it as a buy.
What is SRFM’s price target for the next 12 months?
The current consensus forecast for the stock is between $3.00 and $4.00, with a median target price of $3.62. In analyzing these forecasts, the average price target given by analysts for Surf Air Mobility Inc. (SRFM) is $3.54.
