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After finishing at $2.05 in the prior trading day, Surf Air Mobility Inc (NYSE: SRFM) closed at $1.99, down -2.93%. In other words, the price has decreased by -$2.93 from its previous closing price. On the day, 0.88 million shares were traded. SRFM stock price reached its highest trading level at $2.04 during the session, while it also had its lowest trading level at $1.84.
Ratios:
Our goal is to gain a better understanding of SRFM by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.08 and its Current Ratio is at 0.08.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Canaccord Genuity on May 15, 2024, Downgraded its rating to Hold and sets its target price to $1 from $2.50 previously.
On September 08, 2023, Piper Sandler started tracking the stock assigning a Overweight rating and target price of $4.
On August 28, 2023, Canaccord Genuity started tracking the stock assigning a Buy rating and target price of $3.Canaccord Genuity initiated its Buy rating on August 28, 2023, with a $3 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Oct 02 ’24 when Palantir Technologies Inc. bought 1,270,869 shares for $1.25 per share. The transaction valued at 1,585,917 led to the insider holds 2,730,166 shares of the business.
Palantir Technologies Inc. sold 3,100 shares of SRFM for $4,248 on Sep 30 ’24. The 10% Owner now owns 1,459,297 shares after completing the transaction at $1.37 per share. On Sep 27 ’24, another insider, Palantir Technologies Inc., who serves as the 10% Owner of the company, sold 4,102 shares for $1.30 each. As a result, the insider received 5,314 and left with 1,462,397 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, SRFM now has a Market Capitalization of 26294468 and an Enterprise Value of 68368792. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.23. Its current Enterprise Value per Revenue stands at 0.612 whereas that against EBITDA is -0.417.
Stock Price History:
Over the past 52 weeks, SRFM has reached a high of $11.83, while it has fallen to a 52-week low of $0.90. The 50-Day Moving Average of the stock is 22.57%, while the 200-Day Moving Average is calculated to be -52.46%.
Shares Statistics:
The stock has traded on average 725.07K shares per day over the past 3-months and 3939860 shares per day over the last 10 days, according to various share statistics. A total of 10.88M shares are outstanding, with a floating share count of 9.03M. Insiders hold about 29.57% of the company’s shares, while institutions hold 11.46% stake in the company. Shares short for SRFM as of 1727654400 were 495595 with a Short Ratio of 0.68, compared to 1724976000 on 446309. Therefore, it implies a Short% of Shares Outstanding of 495595 and a Short% of Float of 4.18.
