A new trading day began on Tuesday, with Surf Air Mobility Inc (NYSE: SRFM) stock price up 22.35% from the previous day of trading, before settling in for the closing price of $1.79. SRFM’s price has ranged from $0.90 to $11.83 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 83.84%. With a float of $9.73 million, this company’s outstanding shares have now reached $10.88 million.
Let’s determine the extent of company efficiency that accounts for 833 employees. In terms of profitability, gross margin is 0.81%, operating margin of -98.86%, and the pretax margin is -158.19%.
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 30.95%, while institutional ownership is 12.85%. 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
In its latest quarterly report, released on 9/30/2024, the company reported earnings of -9.24 per share, which was $0.1 lower than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.98 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 83.84% 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 0.11. 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 -16.80, a number that is poised to hit -1.19 in the next quarter and is forecasted to reach -3.56 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 0.36 million, which is a jump from its year-to-date volume of 0.3 million. As of the previous 9 days, the stock’s Stochastic %D was 39.72%. Additionally, its Average True Range was 0.27.
During the past 100 days, Surf Air Mobility Inc’s (SRFM) raw stochastic average was set at 47.96%, which indicates a significant decrease from 73.40% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 131.44% in the past 14 days, which was lower than the 175.21% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $1.7400, while its 200-day Moving Average is $3.2600. However, in the short run, Surf Air Mobility Inc’s stock first resistance to watch stands at $2.3600. Second resistance stands at $2.5400. The third major resistance level sits at $2.8200. If the price goes on to break the first support level at $1.9000, it is likely to go to the next support level at $1.6200. Should the price break the second support level, the third support level stands at $1.4400.
Surf Air Mobility Inc (NYSE: SRFM) Key Stats
With a market capitalization of 33.96 million, the company has a total of 15,508K Shares Outstanding. Currently, annual sales are 60,510 K while annual income is -250,700 K. The company’s previous quarter sales were 28,390 K while its latest quarter income was -12,230 K.
