NYSE:SRFM

Surf Air Mobility (SRFM) Stock Price, News & Analysis

$0.39
-0.01 (-2.50%)
(As of 05/17/2024 ET)
Today's Range
$0.39
$0.42
50-Day Range
$0.38
$1.02
52-Week Range
$0.38
$5.00
Volume
297,431 shs
Average Volume
308,205 shs
Market Capitalization
$32.40 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$2.41

Surf Air Mobility MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
516.4% Upside
$2.41 Price Target
Short Interest
Healthy
2.08% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
-0.23mentions of Surf Air Mobility in the last 14 days
Based on 15 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($0.97) to ($0.59) Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.11 out of 5 stars

Transportation Sector

96th out of 113 stocks

Air Transportation, Nonscheduled Industry

3rd out of 5 stocks

SRFM stock logo

About Surf Air Mobility Stock (NYSE:SRFM)

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.

SRFM Stock Price History

SRFM Stock News Headlines

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Company Calendar

Last Earnings
5/14/2024
Today
5/18/2024
Next Earnings (Estimated)
9/03/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Air transportation, nonscheduled
Sub-Industry
N/A
Fax
N/A
Employees
625
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$2.41
High Stock Price Target
$4.00
Low Stock Price Target
$1.00
Potential Upside/Downside
+516.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
4 Analysts

Profitability

Net Income
$-250,700,000.00
Net Margins
-311.94%
Pretax Margin
-315.85%

Debt

Sales & Book Value

Annual Sales
$60.51 million
Book Value
($1.28) per share

Miscellaneous

Free Float
N/A
Market Cap
$32.40 million
Optionable
Not Optionable
Beta
N/A
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Key Executives

  • Mr. Robert Stanley Little (Age 51)
    CEO & Director
    Comp: $403k
  • Mr. Sudhin Shahani (Age 40)
    Co-Founder & Director
    Comp: $500k
  • Ms. Deanna White (Age 57)
    Senior Advisor
    Comp: $650k
  • Mr. Liam Fayed
    Co-Founder and Chief Brand & Experience Officer
  • Mr. Oliver W. Reeves (Age 44)
    Chief Financial Officer
  • Bryce Van
    Chief Accounting Officer
  • Mr. David J. Anderman
    Chief Legal Officer
  • Mr. Ido Gruberger
    Chief Strategy Officer
  • Mr. Frederick W. Reid (Age 73)
    Global Head of Business Development

SRFM Stock Analysis - Frequently Asked Questions

Should I buy or sell Surf Air Mobility stock right now?

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Surf Air Mobility in the last twelve months. There are currently 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" SRFM shares.
View SRFM analyst ratings
or view top-rated stocks.

What is Surf Air Mobility's stock price target for 2024?

4 analysts have issued 1-year target prices for Surf Air Mobility's shares. Their SRFM share price targets range from $1.00 to $4.00. On average, they predict the company's stock price to reach $2.41 in the next twelve months. This suggests a possible upside of 516.4% from the stock's current price.
View analysts price targets for SRFM
or view top-rated stocks among Wall Street analysts.

How have SRFM shares performed in 2024?

Surf Air Mobility's stock was trading at $1.55 on January 1st, 2024. Since then, SRFM shares have decreased by 74.8% and is now trading at $0.3902.
View the best growth stocks for 2024 here
.

Are investors shorting Surf Air Mobility?

Surf Air Mobility saw a decline in short interest in the month of April. As of April 15th, there was short interest totaling 1,080,000 shares, a decline of 21.7% from the March 31st total of 1,380,000 shares. Based on an average trading volume of 449,600 shares, the days-to-cover ratio is currently 2.4 days. Approximately 1.8% of the company's stock are short sold.
View Surf Air Mobility's Short Interest
.

When is Surf Air Mobility's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, September 3rd 2024.
View our SRFM earnings forecast
.

How were Surf Air Mobility's earnings last quarter?

Surf Air Mobility Inc. (NYSE:SRFM) announced its earnings results on Tuesday, May, 14th. The company reported ($0.26) EPS for the quarter, missing the consensus estimate of ($0.19) by $0.07. The business earned $30.62 million during the quarter, compared to analysts' expectations of $29.28 million.

What guidance has Surf Air Mobility issued on next quarter's earnings?

Surf Air Mobility updated its second quarter 2024 earnings guidance on Tuesday, May, 14th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $28.0 million-$31.0 million, compared to the consensus revenue estimate of $30.6 million.

When did Surf Air Mobility IPO?

Surf Air Mobility (SRFM) raised $281 million in an initial public offering on Thursday, July 27th 2023. The company issued 23,700,000 shares at $11.86 per share. Morgan Stanley, Canaccord Genuity, Moelis & Co., Baird and Sanford Bernstein acted as the underwriters for the IPO.

How do I buy shares of Surf Air Mobility?

Shares of SRFM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:SRFM) was last updated on 5/18/2024 by MarketBeat.com Staff

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