Surf Air Mobility (NYSE:SRFM) Issues Quarterly Earnings Results

Surf Air Mobility (NYSE:SRFM) released its quarterly earnings data on Tuesday. The company reported $0.59 earnings per share for the quarter, Zacks reports. Surf Air Mobility updated its Q1 2025 guidance to EPS.

Surf Air Mobility Trading Down 7.6 %

NYSE:SRFM opened at $3.85 on Wednesday. Surf Air Mobility has a 1 year low of $0.90 and a 1 year high of $7.14. The firm’s fifty day simple moving average is $4.10 and its 200 day simple moving average is $3.12. The firm has a market capitalization of $65.12 million, a PE ratio of -0.24 and a beta of 2.50.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. HC Wainwright assumed coverage on shares of Surf Air Mobility in a research note on Friday, March 7th. They set a “buy” rating and a $12.00 price target on the stock. Canaccord Genuity Group increased their price target on shares of 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 Activity at Surf Air Mobility

In other news, Director Sudhin Shahani bought 17,237 shares of the stock in a transaction that occurred on Monday, December 23rd. The shares were acquired at an average cost of $3.43 per share, for a total transaction of $59,122.91. Following the purchase, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 8.10% of the stock is currently owned by company 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.