While Surf Air Mobility Inc has underperformed by -2.93%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, SRFM fell by -76.89%, with highs and lows ranging from $11.83 to $0.90, whereas the simple moving average fell by -52.46% in the last 200 days.
On May 15, 2024, Canaccord Genuity Downgraded Surf Air Mobility Inc (NYSE: SRFM) to Hold. A report published by Piper Sandler on September 08, 2023, Initiated its previous ‘Overweight’ rating for SRFM. Canaccord Genuity also rated SRFM shares as ‘Buy’, setting a target price of $3 on the company’s shares in an initiating report dated August 28, 2023.
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Analysis of Surf Air Mobility Inc (SRFM)
Further, the quarter-over-quarter increase in sales is 422.45%, showing a positive trend in the upcoming months.
One of the most important indicators of Surf Air Mobility Inc’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. Taking into account the quick ratio of the company, currently set at 0.08, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can also provide valuable insight into volatility, and SRFM is recording 725.07K average volume. On a monthly basis, the volatility of the stock is set at 19.74%, whereas on a weekly basis, it is put at 35.31%, with a loss of -8.72% over the past seven days. Furthermore, long-term investors anticipate a median target price of $11.60, showing growth from the present price of $1.99, which can serve as yet another indication of whether SRFM is worth investing in or should be passed over.
How Do You Analyze Surf Air Mobility Inc Shares?
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 29.57%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 11.46% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
SRFM shares are owned by institutional investors to the tune of 11.46% at present.
