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Surf Air Mobility Inc (NYSE: SRFM) closed the day trading at $0.29 down -3.88% from the previous closing price of $0.30. In other words, the price has decreased by -$3.88 from its previous closing price. On the day, 1.23 million shares were traded. SRFM stock price reached its highest trading level at $0.31 during the session, while it also had its lowest trading level at $0.28.
Ratios:
For a better understanding of SRFM, let’s 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.
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 25590818 and an Enterprise Value of 75985672. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.23. Its current Enterprise Value per Revenue stands at 0.887 whereas that against EBITDA is -0.494.
Stock Price History:
Over the past 52 weeks, SRFM has reached a high of $2.50, while it has fallen to a 52-week low of $0.22. The 50-Day Moving Average of the stock is -13.47%, while the 200-Day Moving Average is calculated to be -62.08%.
Shares Statistics:
Over the past 3-months, SRFM traded about 1.07M shares per day on average, while over the past 10 days, SRFM traded about 242180 shares per day. A total of 76.15M shares are outstanding, with a floating share count of 67.04M. Insiders hold about 25.88% of the company’s shares, while institutions hold 11.49% stake in the company. Shares short for SRFM as of 1722384000 were 1434138 with a Short Ratio of 1.34, compared to 1719532800 on 2057885. Therefore, it implies a Short% of Shares Outstanding of 1434138 and a Short% of Float of 1.76.
