A new trading day began on Tuesday, with Surf Air Mobility Inc (NYSE: SRFM) stock price down -9.38% from the previous day of trading, before settling in for the closing price of $0.41. SRFM’s price has ranged from $0.22 to $5.00 over the past 52 weeks.
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During the last 5-year period, the sales growth of Industrials Sector giant was 109.20%. Meanwhile, its annual earnings per share averaged 84.41%. With a float of $66.07 million, this company’s outstanding shares have now reached $76.15 million.
Let’s determine the extent of company efficiency that accounts for 833 employees.
Surf Air Mobility Inc (SRFM) Insider Activity
As we move forward, let’s examine how large-scale investors are investing in this stock of the Airlines Industry. The insider ownership of Surf Air Mobility Inc is 20.61%, while institutional ownership is 9.31%. The most recent insider transaction that took place on Jul 31 ’23, was worth 112,574. In this transaction Director of this company sold 54,914 shares at a rate of $2.05, taking the stock ownership to the 95,784 shares.
Surf Air Mobility Inc (SRFM) Earnings and Forecasts
According to the Wall Street analysts, stocks earnings will be around 84.41% per share during the next fiscal year.
Surf Air Mobility Inc (NYSE: SRFM) Trading Performance Indicators
Here are Surf Air Mobility Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 0.10. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.36.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -3.59, a number that is poised to hit -0.32 in the next quarter and is forecasted to reach -0.65 in one year’s time.
Technical Analysis of Surf Air Mobility Inc (SRFM)
Looking closely at Surf Air Mobility Inc (NYSE: SRFM), its last 5-days average volume was 4.11 million, which is a jump from its year-to-date volume of 0.62 million. As of the previous 9 days, the stock’s Stochastic %D was 80.13%. Additionally, its Average True Range was 0.05.
During the past 100 days, Surf Air Mobility Inc’s (SRFM) raw stochastic average was set at 13.74%, which indicates a significant decrease from 67.16% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 144.61% in the past 14 days, which was higher than the 116.32% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.3939, while its 200-day Moving Average is $0.9930. However, in the short run, Surf Air Mobility Inc’s stock first resistance to watch stands at $0.3998. Second resistance stands at $0.4248. The third major resistance level sits at $0.4497. If the price goes on to break the first support level at $0.3499, it is likely to go to the next support level at $0.3250. Should the price break the second support level, the third support level stands at $0.3000.
Surf Air Mobility Inc (NYSE: SRFM) Key Stats
With a market capitalization of 31.19 million, the company has a total of 83,035K Shares Outstanding. Currently, annual sales are 60,510 K while annual income is -250,700 K. The company’s previous quarter sales were 30,620 K while its latest quarter income was -36,970 K.
