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

Company Overview

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.

Key Stats

• Today's Range: $2.01 to $2.25
• 50-Day Range: $1.13 to $3.28
• 52-Week Range: $0.90 to $11.83
• Volume: 203,610 shs
• Average Volume: 242,056 shs
• Market Capitalization: $31.80 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $4.00
• Consensus Rating: Hold

Surf Air Mobility Stock Analysis - MarketRank™

Surf Air Mobility scored higher than 48% of companies evaluated by MarketBeat, and ranked 84th out of 127 stocks in the transportation sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.0 / 5
• Analyst Rating: Hold

Consensus Rating

Surf Air Mobility has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 3 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Surf Air Mobility has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for Surf Air Mobility are expected to grow in the coming year, from ($7.07) to ($3.92) per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Surf Air Mobility is -0.13, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Surf Air Mobility is -0.13, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Short Interest

• Score: 4.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

7.11% of the float of Surf Air Mobility has been sold short.

Short Interest Ratio / Days to Cover

Surf Air Mobility has a short interest ratio ("days to cover") of 0.8, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Surf Air Mobility has recently decreased by 17.64%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Surf Air Mobility does not currently pay a dividend.

Dividend Growth

Surf Air Mobility does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

7.11% of the float of Surf Air Mobility has been sold short.

Short Interest Ratio / Days to Cover

Surf Air Mobility has a short interest ratio ("days to cover") of 0.8, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Surf Air Mobility has recently decreased by 17.64%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 1.9 / 5
• News Sentiment: 0.38

News Sentiment

Surf Air Mobility has a news sentiment score of 0.38. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.57 average news sentiment score of Transportation companies.

News Coverage This Week

MarketBeat has tracked 8 news articles for Surf Air Mobility this week, compared to 1 article on an average week.

Search Interest

Only 4 people have searched for SRFM on MarketBeat in the last 30 days. This is a decrease of -43% compared to the previous 30 days.

MarketBeat Follows

Only 3 people have added Surf Air Mobility to their MarketBeat watchlist in the last 30 days. This is a decrease of -25% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: Acquiring Shares

Insider Buying vs. Insider Selling

In the past three months, Surf Air Mobility insiders have bought 3,186.00% more of their company's stock than they have sold. Specifically, they have bought $1,588,586.00 in company stock and sold $48,344.00 in company stock.

Percentage Held by Insiders

Only 8.10% of the stock of Surf Air Mobility is held by insiders.

Percentage Held by Institutions

Only 17.68% of the stock of Surf Air Mobility is held by institutions.

SRFM Stock Analysis - Frequently Asked Questions

How have SRFM shares performed this year?

Surf Air Mobility's stock was trading at $10.85 at the beginning of 2024. Since then, SRFM shares have decreased by 81.1% and is now trading at $2.05.
View the best growth stocks for 2024 here.

How were Surf Air Mobility's earnings last quarter?

Surf Air Mobility Inc. (NYSE:SRFM) announced its quarterly earnings data on Tuesday, May, 14th. The company reported ($1.82) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($1.33) by $0.49. The firm had revenue of $30.62 million for the quarter, compared to the consensus estimate of $29.28 million.

When did Surf Air Mobility's stock split?

Surf Air Mobility shares reverse split on the morning of Monday, August 19th 2024. The 1-7 reverse split was announced on Friday, August 9th 2024. The number of shares owned by shareholders was adjusted after the market closes on Friday, August 16th 2024. An investor that had 100 shares of stock prior to the reverse split would have 14 shares after the split.

When did Surf Air Mobility IPO?

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

Who are Surf Air Mobility's major shareholders?

Surf Air Mobility's top institutional investors include Gordian Capital Singapore Pte Ltd (0.18%). Insiders that own company stock include Palantir Technologies Inc and Edward A Mady.
View institutional ownership trends.

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.

What other stocks do shareholders of Surf Air Mobility own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Surf Air Mobility investors own include NVIDIA (NVDA), Intel (INTC), Palantir Technologies (PLTR), AeroVironment (AVAV), CrowdStrike (CRWD), Advanced Micro Devices (AMD) and Tesla (TSLA).

Company Calendar

• Last Earnings: 5/14/2024
• Today: 11/20/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Transportation
• Industry: Air transportation, nonscheduled
• Sub-Industry: Transportation
• Current Symbol: NYSE:SRFM
• CUSIP: N/A
• CIK: 1936224
• Web: www.surfair.com
• Phone: 310-365-3675
• Fax: N/A
• Employees: 625
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $4.00
• High Stock Price Target: $7.00
• Low Stock Price Target: $2.20
• Potential Upside/Downside: +95.1%
• Consensus Rating: Hold
• Rating Score (0-4): 2.00
• Research Coverage: 3 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($15.8455)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-250,700,000.00
• Net Margins: -158.33%
• Pretax Margin: -158.19%
• Return on Equity: N/A
• Return on Assets: -153.91%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 0.11
• Quick Ratio: 0.11

Sales & Book Value

• Annual Sales: $60.51 million
• Price / Sales: 0.53
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: ($7.36) per share
• Price / Book: -0.28

Miscellaneous

• Outstanding Shares: 15,510,000
• Free Float: 14,252,000
• Market Cap: $31.80 million
• Optionable: Not Optionable
• Beta: 0.93