Set Your Sights On Surf Air Mobility Inc (NYSE: SRFM)’S Upside Potential

Surf Air Mobility Inc (SRFM) concluded trading on Thursday at a closing price of $3.27, with 30.18 million shares of worth about $98.68 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -34.48% during that period and on October 10, 2024 the price saw a gain of about 40.34%. Currently the company’s common shares owned by public are about 10.88M shares, out of which, 9.03M shares are available for trading.

Stock saw a price change of 98.18% in past 5 days and over the past one month there was a price change of 100.61%. Year-to-date (YTD), SRFM shares are showing a performance of -69.86% which decreased to -63.22% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.90 but also hit the highest price of $11.83 during that period. The average intraday trading volume for Surf Air Mobility Inc shares is 219.50K. The stock is currently trading 109.35% above its 20-day simple moving average (SMA20), while that difference is up 100.78% for SMA50 and it goes to -23.05% lower than SMA200.

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Surf Air Mobility Inc (NYSE: SRFM) currently have 10.88M outstanding shares and institutions hold larger chunk of about 11.46% of that.

The stock has a current market capitalization of $41.95M and its 3Y-monthly beta is at 1.06. It has posted earnings per share of -$22.96 in the same period. It has Quick Ratio of 0.08. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for SRFM, volatility over the week remained 34.56% while standing at 18.52% over the month.

Stock’s fiscal year EPS is expected to rise by 80.69% while it is estimated to increase by 34.42% in next year.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Canaccord Genuity on May 15, 2024 offering a Hold rating for the stock and assigned a target price range of between $2.50 and $1 to it. Coverage by Piper Sandler stated Surf Air Mobility Inc (SRFM) stock as an Overweight in their note to investors on September 08, 2023, suggesting a price target of $4 for the stock.

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