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Surf Air Mobility, Inc. (SRFM)
NYSE:SRFM
RESEARCH TOOLSreports
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SRFM Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$0.90 - $11.82
Previous Close$2.08
Volume200.16K
Average Volume (3M)819.28K
Market Cap
$29.32M
Enterprise Value$60.68M
Total Cash (Recent Filing)$1.46M
Total Debt (Recent Filing)$32.82M
Price to Earnings (P/E)―
Beta3.66
Next Earnings
Nov 14, 2024EPS Estimate
-$1.05Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-22.96
Shares Outstanding12,826,529
10 Day Avg. Volume210,814
30 Day Avg. Volume819,280
Standard Deviation0.33
R-Squared0.01
Alpha-0.10
Financial Highlights & Ratios
Price to Book (P/B)-0.19
Price to Sales (P/S)0.31
Price to Cash Flow (P/CF)-1.20
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue0.67
Enterprise Value/Gross Profit1.00
Enterprise Value/Ebitda-2.99
Forecast
1Y Price Target
$11.60Price Target Upside497.94% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
Surf Air Mobility, Inc. News
PremiumCompany Announcements
Surf Air Mobility Exceeds Q3 Expectations Amid Strategic Moves
PremiumCompany Announcements
Surf Air Mobility Secures $50M for Growth Strategy
PremiumCompany Announcements
Surf Air Mobility Granted Grace Period for NYSE Standards
Bulls Say, Bears Say
Bulls Say
Financial PerformanceSurf Air Mobility announced Q2/24 revenues of $32.4M (up 13.2% y/y), which beat analyst estimates by ~12.8%.
Operational ImprovementSurf Air Mobility has implemented the joint software product into its own operations, already demonstrating a 25% improvement in revenue per trip within the On-Demand charter business segment thanks to deeper insights into customer behavior, preferences and travel patterns.
Strategic PartnershipPalantir's acquisition of additional shares reflects a vote of confidence in Surf Air Mobility’s commercial potential for Palantir’s technology stack.
Bears Say
Financial PerformanceManagement issued revised guidance for the third quarter, lowering revenue guide to $26.5M and Adj. EBITDA to $(11.5M) at the midpoint.
Research And Development CostsThe overall weaker bottom-line performance was attributed to higher R&D spending on software and electric powertrain technology, which was up 593% y/y to ~$5.7M.
Strategic UncertaintyUnresolved uncertainty regarding the strategic review and a potential sale of the electric powertrain business and online booking/aircraft operator network may impact future stability.
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Ownership Overview
55.37% Insiders
1.81% Mutual Funds
― Other Institutional Investors
39.20% Public Companies and Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
SRFM FAQ
What was Surf Air Mobility, Inc.’s price range in the past 12 months?
Surf Air Mobility, Inc. lowest stock price was $0.90 and its highest was $11.82 in the past 12 months.
What is Surf Air Mobility, Inc.’s market cap?
Currently, no data Available
When is Surf Air Mobility, Inc.’s upcoming earnings report date?
Surf Air Mobility, Inc.’s upcoming earnings report date is Nov 14, 2024 which is 7 days ago.
How were Surf Air Mobility, Inc.’s earnings last quarter?
Surf Air Mobility, Inc. released its earnings results on Aug 14, 2024. The company reported -$2.31 earnings per share for the quarter, missing the consensus estimate of -$2.24 by -$0.07.
Is Surf Air Mobility, Inc. overvalued?
According to Wall Street analysts Surf Air Mobility, Inc.’s price is currently Undervalued.
Does Surf Air Mobility, Inc. pay dividends?
Surf Air Mobility, Inc. does not currently pay dividends.
What is Surf Air Mobility, Inc.’s EPS estimate?
Surf Air Mobility, Inc.’s EPS estimate is -$1.05.
How many shares outstanding does Surf Air Mobility, Inc. have?
Surf Air Mobility, Inc. has 14,097,398 shares outstanding.
What happened to Surf Air Mobility, Inc.’s price movement after its last earnings report?
Surf Air Mobility, Inc. reported an EPS of -$2.31 in its last earnings report, missing expectations of -$2.24. Following the earnings report the stock price went down -16.929%.
Which hedge fund is a major shareholder of Surf Air Mobility, Inc.?
Among the largest hedge funds holding Surf Air Mobility, Inc.’s share is Covalent Partners Llc. It holds Surf Air Mobility, Inc.’s shares valued at N/A.
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Surf Air Mobility, Inc. Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Moderate Buy
Average Price Target:
$11.60 (497.94% Upside)
$11.60 (497.94% Upside)
Blogger Sentiment
Bullish
SRFM Sentiment 100%
Sector Average 68%
Sector Average 68%
Hedge Fund Trend
Decreased
By 35.7K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Bought Shares
Worth $1.5M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Negative
Last 7 Days ▼ 1.9%
Last 30 Days ▼ 1.1%
Last 30 Days ▼ 1.1%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-78.62%
12-Months-Change
Fundamentals
Return on Equity
―
Trailing 12-Months
Asset Growth
614.07%
Trailing 12-Months
Company Description
Surf Air Mobility, Inc.
Surf Air Mobility Inc. operates as an electric aviation and air travel company in the United States. It offers an air mobility platform with scheduled routes and on demand charter flights operated by third parties; and air cargo services. The company is headquartered in Hawthorne, California.
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SRFM Earnings Call
Q2 2024
0:00 / 0:00
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SRFM Stock 12 Month Forecast
Average Price Target
$11.60
▲(497.94% Upside)
Technical Analysis
Best Analysts Covering SRFM
1 Year
1 Year Success Rate
0/2 ratings generated profit
1 Year Average Return
-46.15%
reiterated a buy rating 3 months ago
Copying Alexander Potter's trades and holding each position for 1 Year would result in 0.00% of your transactions generating a profit, with an average return of -46.15% per trade.
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