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In the latest session, Surf Air Mobility Inc (NYSE: SRFM) closed at $0.33 down -16.23% from its previous closing price of $0.40. In other words, the price has decreased by -$16.23 from its previous closing price. On the day, 1.07 million shares were traded. SRFM stock price reached its highest trading level at $0.399 during the session, while it also had its lowest trading level at $0.3333.
Ratios:
For a deeper understanding of Surf Air Mobility Inc’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.10 and its Current Ratio is at 0.10.
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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Jul 31 ’23 when Mady Edward A. sold 54,914 shares for $2.05 per share. The transaction valued at 112,574 led to the insider holds 95,784 shares of the business.
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 35056012 and an Enterprise Value of 73585952. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.34. Its current Enterprise Value per Revenue stands at 0.859 whereas that against EBITDA is -0.479.
Stock Price History:
The Beta on a monthly basis for SRFM is 1.71, which has changed by -0.8941587 over the last 52 weeks, in comparison to a change of 0.23228896 over the same period for the S&P500. Over the past 52 weeks, SRFM has reached a high of $5.00, while it has fallen to a 52-week low of $0.22. The 50-Day Moving Average of the stock is -10.13%, while the 200-Day Moving Average is calculated to be -62.20%.
Shares Statistics:
For the past three months, SRFM has traded an average of 872.77K shares per day and 449405 over the past ten days. A total of 76.15M shares are outstanding, with a floating share count of 63.58M. Insiders hold about 27.13% of the company’s shares, while institutions hold 8.88% stake in the company. Shares short for SRFM as of 1719532800 were 2057885 with a Short Ratio of 2.36, compared to 1717113600 on 1490361. Therefore, it implies a Short% of Shares Outstanding of 2057885 and a Short% of Float of 2.53.
