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In the latest session, Surf Air Mobility Inc (NYSE: SRFM) closed at $4.00 up 4.71% from its previous closing price of $3.82. In other words, the price has increased by $4.71 from its previous closing price. On the day, 0.75 million shares were traded. SRFM stock price reached its highest trading level at $4.12 during the session, while it also had its lowest trading level at $3.7006.
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 0.11 and its Current Ratio is at 0.11.
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 Dec 09 ’24 when Palantir Technologies Inc. bought 446,830 shares for $4.45 per share. The transaction valued at 1,989,823 led to the insider holds 3,176,996 shares of the business.
Palantir Technologies Inc. bought 1,270,869 shares of SRFM for $1,585,917 on Oct 02 ’24. The 10% Owner now owns 2,730,166 shares after completing the transaction at $1.25 per share. On Sep 30 ’24, another insider, Palantir Technologies Inc., who serves as the 10% Owner of the company, sold 3,100 shares for $1.37 each. As a result, the insider received 4,248 and left with 1,459,297 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 62033600 and an Enterprise Value of 63879508. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.57. Its current Enterprise Value per Revenue stands at 0.571 whereas that against EBITDA is -0.39.
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 56.38%, while the 200-Day Moving Average is calculated to be 36.19%.
Shares Statistics:
For the past three months, SRFM has traded an average of 909.92K shares per day and 638050 over the past ten days. A total of 13.49M shares are outstanding, with a floating share count of 10.70M. Insiders hold about 28.14% of the company’s shares, while institutions hold 11.65% stake in the company. Shares short for SRFM as of 1730332800 were 641577 with a Short Ratio of 0.54, compared to 1727654400 on 495595. Therefore, it implies a Short% of Shares Outstanding of 641577 and a Short% of Float of 5.41.
