On Monday, Surf Air Mobility Inc (NYSE: SRFM) opened lower -3.26% from the last session, before settling in for the closing price of $2.15. Price fluctuations for SRFM have ranged from $0.90 to $11.83 over the past 52 weeks.
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Industrials Sector giant saw their annual sales surged by 109.20% over the last five years. Company’s average yearly earnings per share was noted 80.69% at the time writing. With a float of $9.03 million, this company’s outstanding shares have now reached $10.88 million.
The firm has a total of 833 workers. Let’s measure their productivity. In terms of profitability, gross margin is 0.07%, operating margin of -153.18%, and the pretax margin is -226.25%.
Surf Air Mobility Inc (SRFM) Insider Activity
A key investor’s attitude towards the stock of the Airlines industry is another important factor to consider. The insider ownership of Surf Air Mobility Inc is 29.57%, while institutional ownership is 11.44%. The most recent insider transaction that took place on Oct 02 ’24, was worth 1,585,917. In this transaction 10% Owner of this company bought 1,270,869 shares at a rate of $1.25, taking the stock ownership to the 2,730,166 shares. Before that another transaction happened on Sep 30 ’24, when Company’s 10% Owner sold 3,100 for $1.37, making the entire transaction worth $4,248. This insider now owns 1,459,297 shares in total.
Surf Air Mobility Inc (SRFM) Earnings and Forecasts
If we go through the results of last quarter, which was made public on 6/30/2024, the company posted -9.52 earnings per share (EPS) for the quarter, coming under the agreed prediction (set at -1.22) by -8.3. Wall Street market experts anticipate that the next fiscal year will bring earnings of -1.19 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 80.69% per share during the next fiscal year.
Surf Air Mobility Inc (NYSE: SRFM) Trading Performance Indicators
Check out the current performance indicators for Surf Air Mobility Inc (SRFM). In the past quarter, the stock posted a quick ratio of 0.08. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.29.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -22.96, a number that is poised to hit -1.05 in the next quarter and is forecasted to reach -5.63 in one year’s time.
Technical Analysis of Surf Air Mobility Inc (SRFM)
Analysing the last 5-days average volume posted by the [Surf Air Mobility Inc, SRFM], we can find that recorded value of 0.26 million was lower than the volume posted last year of 0.3 million. As of the previous 9 days, the stock’s Stochastic %D was 80.49%. Additionally, its Average True Range was 0.26.
During the past 100 days, Surf Air Mobility Inc’s (SRFM) raw stochastic average was set at 43.87%, which indicates a significant decrease from 57.14% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 96.15% in the past 14 days, which was lower than the 173.24% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $1.65, while its 200-day Moving Average is $3.46. Now, the first resistance to watch is $2.33. This is followed by the second major resistance level at $2.59. The third major resistance level sits at $2.73. If the price goes on to break the first support level at $1.93, it is likely to go to the next support level at $1.79. Should the price break the second support level, the third support level stands at $1.53.
Surf Air Mobility Inc (NYSE: SRFM) Key Stats
There are currently 12,830K shares outstanding in the company with a market cap of 32.50 million. Presently, the company’s annual sales total 60,510 K according to its annual income of -250,700 K. Last quarter, the company’s sales amounted to 32,370 K and its income totaled -26,980 K.
