Surf Air Mobility Inc (NYSE: SRFM) on Friday, soared 6.77% from the previous trading day, before settling in for the closing price of $2.51. Within the past 52 weeks, SRFM’s price has moved between $0.90 and $11.83.
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It was noted that within the last five years, the titan of the Industrials sector saw sales topped by 109.20%. The company achieved an average annual earnings per share of 83.58%. With a float of $9.73 million, this company’s outstanding shares have now reached $10.88 million.
The extent of productivity of a business whose workforce counts for 833 workers is very important to gauge. 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 Updates
Observing investor behavior towards Airlines industry stocks is more important than anything else. The insider ownership of Surf Air Mobility Inc is 30.95%, while institutional ownership is 12.81%. 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) Performance Highlights and Predictions
As on 9/30/2024, Multinational firm has announced its last quarter scores, in which it reported -9.24 earnings per share (EPS) for the period falling under the consensus outlook (set at -1.96) by -7.28. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 83.58% per share during the next fiscal year.
Surf Air Mobility Inc (NYSE: SRFM) Trading Performance Indicators
Surf Air Mobility Inc (SRFM) is currently performing well based on its current performance indicators. A quick ratio of 0.11 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.38.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -16.80 and is forecasted to reach -3.20 in one year’s time.
Technical Analysis of Surf Air Mobility Inc (SRFM)
The latest stats from [Surf Air Mobility Inc, SRFM] show that its last 5-days average volume of 0.5 million was superior to 0.3 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 72.66%. Additionally, its Average True Range was 0.31.
During the past 100 days, Surf Air Mobility Inc’s (SRFM) raw stochastic average was set at 66.17%, which indicates a significant decrease from 78.67% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 143.66% in the past 14 days, which was lower than the 177.54% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $1.80, while its 200-day Moving Average is $3.18. Now, the first resistance to watch is $2.95. This is followed by the second major resistance level at $3.23. The third major resistance level sits at $3.45. If the price goes on to break the first support level at $2.45, it is likely to go to the next support level at $2.23. Assuming the price breaks the second support level, the third support level stands at $1.95.
Surf Air Mobility Inc (NYSE: SRFM) Key Stats
Market capitalization of the company is 44.37 million based on 15,508K outstanding shares. Right now, sales total 60,510 K and income totals -250,700 K. The company made 28,390 K in profit during its latest quarter, and -12,230 K in sales during its previous quarter.
