Surf Air Mobility (NYSE:SRFM - Get Free Report) issued its quarterly earnings data on Tuesday. The company reported $0.59 earnings per share for the quarter, Zacks reports. The firm had revenue of $28.05 million during the quarter. Surf Air Mobility updated its Q1 2025 guidance to EPS.
Surf Air Mobility Stock Up 1.2 %
Shares of Surf Air Mobility stock traded up $0.04 during mid-day trading on Friday, hitting $3.74. The stock had a trading volume of 136,242 shares, compared to its average volume of 410,785. The firm has a 50-day moving average of $4.06 and a two-hundred day moving average of $3.15. Surf Air Mobility has a 12-month low of $0.90 and a 12-month high of $7.14. The firm has a market cap of $63.40 million, a P/E ratio of -0.24 and a beta of 2.50.
Analyst Upgrades and Downgrades
A number of research analysts have weighed in on the stock. HC Wainwright assumed coverage on shares of Surf Air Mobility in a research report on Friday, March 7th. They issued a "buy" rating and a $12.00 price objective for the company. Canaccord Genuity Group decreased their price objective on shares of Surf Air Mobility from $4.00 to $3.75 and set a "hold" rating for the company in a research report on Thursday.
Read Our Latest Stock Analysis on SRFM
Insider Buying and Selling
In other Surf Air Mobility news, Director Sudhin Shahani bought 17,237 shares of Surf Air Mobility stock in a transaction on Monday, December 23rd. The shares were bought at an average cost of $3.43 per share, for a total transaction of $59,122.91. Following the acquisition, the director now directly owns 360,877 shares in the company, valued at $1,237,808.11. This represents a 5.02 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 8.10% of the stock is currently owned by corporate insiders.
Surf Air Mobility Company Profile
(
Get Free Report)
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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