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Friday, September 29, 2023

Surf Air Mobility Inc. (NYSE: SRFM) May Be Attracting Institutional Investments

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Surf Air Mobility Inc. (SRFM) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.0199, or -0.86%, to $2.3001. The Surf Air Mobility Inc. has recorded 220,409 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Surf Air Mobility Files Its Second Quarter Results via Quarterly Report on Form 10-Q and Current Report on Form 8-K.

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Stocks Info

Surf Air Mobility Inc. is listed on the NYSE as a member of the Industrials sector and is a part of the Airlines industry. The current market capitalization of Surf Air Mobility Inc. is $143.31M. A total of 3.14 million shares were traded on the day, compared to an average of 1.22M shares.

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, SRFM has seen 10 BUY and 1 SELL insider trades, representing the acquisition of 2,378,991 and the disposition of 54,914 shares. Over the last 12 months, there were 10 BUYs and 1 SELLs from insiders. Insiders purchased 2,378,991 shares during that period but sold 54,914.

In the most recent transaction, Mady Edward A. sold 54,914 shares of SRFM for 2.05 per share on Jul 31. After the transaction, the Director now owns 95,784 company shares.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for SRFM in the last 3 months, the mean price target is $3.54 with high estimates of $4.00 and low estimates of $3.00. In terms of 52-week highs and lows, SRFM has a high of $5.00 and a low of $1.10.

As of this writing, SRFM has an earnings estimate of -$0.17 per share for the current quarter. EPS was calculated based on a consensus of 2 estimates, with a high estimate of -$0.16 per share and a lower estimate of -$0.19.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. SRFM’s latest balance sheet shows that the firm has $719.00k in Cash & Short Term Investments as of fiscal 2021. There were $23.47M in debt and $55.58M in liabilities at the time. Its Book Value Per Share was -$21.48, while its Total Shareholder’s Equity was -$173.03M.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for SRFM is Buy with a score of 5.00.

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