Surf Air Mobility Inc (NYSE:SRFM) shares, rose in value on Friday, October 11, with the stock price down by -21.69% to the previous day’s close as strong demand from buyers drove the stock to $2.56.
Actively observing the price movement in the recent trading, the stock is buoying the session at $3.27, falling within a range of $2.46 and $2.85. Referring to stock’s 52-week performance, its high was $11.83, and the low was $0.90. On the whole, SRFM has fluctuated by 65.21% over the past month.
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With the market capitalization of Surf Air Mobility Inc currently standing at about $32.85 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2024-Aug-14.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 121.37M, with a low estimate of 26.21M and a high estimate of 26.4M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 26.3M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that SRFM’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 50% Sell.
The price of SRFM currently trading nearly 58.46% and 56.54% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 61.49, while the 7-day volatility ratio is showing 34.56% which for the 30-day chart, stands at 18.52%. Furthermore, Surf Air Mobility Inc (SRFM)’s beta value is 0.50, and its average true range (ATR) is 0.41.
A comparison of Surf Air Mobility Inc (SRFM) with its peers suggests the former has fared considerably weaker in the market. SRFM showed an intraday change of -21.69% in today’s session so far, and over the past year, it shrunk by -70.97%%.
Data on historical trading for Surf Air Mobility Inc (NYSE:SRFM) indicates that the trading volumes over the past 10 days have averaged 3.59 and over the past 3 months, they’ve averaged 684.40K. According to company’s latest data on outstanding shares, there are 10.88 million shares outstanding.
Nearly 29.57% of Surf Air Mobility Inc’s shares belong to company insiders and institutional investors own 11.46% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 0.5 million shares as on 2024-09-30, resulting in a short ratio of 3.08. According to the data, the short interest in Surf Air Mobility Inc (SRFM) stood at 418.00 of shares outstanding as of 2024-09-30; the number of short shares registered in 2024-08-30 reached 0.45 million. The stock has fallen by -76.40% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the SRFM stock heading into the next quarter.
