Surf Air Mobility Inc. (NYSE:SRFM – Get Free Report) has been given an average recommendation of “Hold” by the five ratings firms that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $2.92.
A number of research firms have issued reports on SRFM. Wall Street Zen downgraded Surf Air Mobility from a “hold” rating to a “sell” rating in a research note on Monday, August 17th. HC Wainwright reissued a “buy” rating on shares of Surf Air Mobility in a research note on Tuesday, August 11th. Weiss Ratings restated a “sell (e+)” rating on shares of Surf Air Mobility in a report on Thursday, October 22nd. Finally, Canaccord Genuity Group cut their target price on Surf Air Mobility from $1.50 to $1.00 and set a “hold” rating on the stock in a research report on Monday, August 17th.
Get Our Latest Research Report on Surf Air Mobility
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of SRFM. Engineers Gate Manager LP increased its stake in shares of Surf Air Mobility by 147.4% in the second quarter. Engineers Gate Manager LP now owns 96,389 shares of the company’s stock worth $112,000 after purchasing an additional 57,423 shares in the last quarter. Squarepoint Ops LLC purchased a new stake in shares of Surf Air Mobility during the 2nd quarter valued at approximately $53,000. Parrish Capital LLC purchased a new stake in shares of Surf Air Mobility during the 2nd quarter valued at approximately $27,000. J. Derek Lewis & Associates Inc. boosted its holdings in Surf Air Mobility by 84.3% in the 1st quarter. J. Derek Lewis & Associates Inc. now owns 293,000 shares of the company’s stock worth $337,000 after buying an additional 134,000 shares during the period. Finally, Balefire LLC bought a new position in Surf Air Mobility in the 1st quarter worth approximately $376,000. 17.68% of the stock is owned by institutional investors.
Surf Air Mobility Trading Down 3.8%
Surf Air Mobility stock opened at $0.76 on Friday. The company has a market capitalization of $94.09 million, a PE ratio of -0.48 and a beta of 2.51. The stock has a 50-day moving average price of $0.79 and a two-hundred day moving average price of $1.21. Surf Air Mobility has a 12 month low of $0.46 and a 12 month high of $4.09.
Surf Air Mobility (NYSE:SRFM – Get Free Report) last released its earnings results on Monday, August 10th. The company reported ($0.29) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.11). The business had revenue of $29.51 million for the quarter. As a group, analysts predict that Surf Air Mobility will post -0.68 earnings per share for the current fiscal year.
Surf Air Mobility Company Profile
Surf Air Mobility Inc operates as an electric aviation and air travel company in the United States. The company offers an air mobility platform with scheduled routes and on demand charter flights operated by third parties. Surf Air Mobility Inc is headquartered in Hawthorne, California.
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