While Surf Air Mobility Inc has overperformed by 0.85%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, SRFM fell by -34.00%, with highs and lows ranging from $10.22 to $0.90, whereas the simple moving average jumped by 115.23% 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.
Analysis of Surf Air Mobility Inc (SRFM)
Further, the quarter-over-quarter increase in sales is 29.22%, showing a positive trend in the upcoming months.
To gain a thorough understanding of Surf Air Mobility Inc’s future performance, several well-rounded types of analysis and research techniques can be used, with equity being among the most crucial. Taking into account the quick ratio of the company, currently set at 0.11, 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.
It is also very valuable to look at average volume as an indicator of volatility for a stock, and SRFM is recording an average volume of 1.09M. On a monthly basis, the volatility of the stock is set at 23.85%, whereas on a weekly basis, it is put at 22.52%, with a gain of 8.56% over the past seven days. Furthermore, long-term investors anticipate a median target price of $4.00, showing decline from the present price of $5.96, 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?
The number of employees owning shares of the company should also be considered in addition to the fundamentals. 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 31.47%. 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 8.54% 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 8.54% at present.
