Surf Air Mobility (NYSE:SRFM) Releases Earnings Results

Surf Air Mobility (NYSE:SRFM) posted its quarterly earnings data on Tuesday. The company reported $0.59 EPS for the quarter, Zacks reports.

Surf Air Mobility Trading Down 7.6 %

Shares of Surf Air Mobility stock traded down $0.32 on Tuesday, reaching $3.85. 196,188 shares of the company were exchanged, compared to its average volume of 405,597. The stock has a fifty day moving average price of $4.12 and a 200-day moving average price of $3.11. The firm has a market capitalization of $65.12 million, a price-to-earnings ratio of -0.24 and a beta of 2.50. Surf Air Mobility has a fifty-two week low of $0.90 and a fifty-two week high of $7.14.

Analyst Upgrades and Downgrades

SRFM has been the topic of a number of research reports. HC Wainwright initiated coverage on Surf Air Mobility in a research note on Friday, March 7th. They issued a “buy” rating and a $12.00 price objective on the stock. Canaccord Genuity Group boosted their price objective on Surf Air Mobility from $2.20 to $4.00 and gave the stock a “hold” rating in a research note on Friday, December 13th.

Insider Transactions at Surf Air Mobility

In other Surf Air Mobility news, Director Sudhin Shahani purchased 17,237 shares of the stock in a transaction dated Monday, December 23rd. The shares were acquired at an average price of $3.43 per share, for a total transaction of $59,122.91. Following the completion of the acquisition, the director now owns 360,877 shares of the company’s stock, valued at $1,237,808.11. This represents a 5.02 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 8.10% of the stock is owned by insiders.

Surf Air Mobility Company Profile

Surf Air Mobility Inc operates as an electric aviation and air travel company in the United States. The company offers an air mobility platform with scheduled routes and on demand charter flights operated by third parties. Surf Air Mobility Inc is headquartered in Hawthorne, California.