Beyond market trends, investors keen on maximizing returns delve into the world of stock picking. The right selections can be instrumental in catapulting your wealth.
The closing price of Surf Air Mobility Inc (NYSE: SRFM) was $5.64 for the day, down -5.37% from the previous closing price of $5.96. In other words, the price has decreased by -$5.37 from its previous closing price. On the day, 0.54 million shares were traded. SRFM stock price reached its highest trading level at $6.01 during the session, while it also had its lowest trading level at $5.31.
Ratios:
Our analysis of SRFM’s different ratios will help us gain a deeper understanding of the company. 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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Dec 23 ’24 when ALBERT CARL A bought 14,500 shares for $3.47 per share. The transaction valued at 50,315 led to the insider holds 61,928 shares of the business.
Shahani Sudhin bought 17,237 shares of SRFM for $59,123 on Dec 23 ’24. The Director now owns 360,877 shares after completing the transaction at $3.43 per share. On Dec 09 ’24, another insider, Palantir Technologies Inc., who serves as the 10% Owner of the company, bought 446,830 shares for $4.45 each. As a result, the insider paid 1,989,823 and bolstered with 3,176,996 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 87467376 and an Enterprise Value of 63879508. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.77. 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 $10.22, while it has fallen to a 52-week low of $0.90. The 50-Day Moving Average of the stock is 74.63%, while the 200-Day Moving Average is calculated to be 103.95%.
Shares Statistics:
SRFM traded an average of 1.10M shares per day over the past three months and 1042890 shares per day over the past ten days. A total of 13.49M shares are outstanding, with a floating share count of 10.93M. Insiders hold about 31.47% of the company’s shares, while institutions hold 8.54% stake in the company. Shares short for SRFM as of 1730332800 were 641577 with a Short Ratio of 0.71, compared to 1727654400 on 495595. Therefore, it implies a Short% of Shares Outstanding of 641577 and a Short% of Float of 5.41.
