The price of Surf Air Mobility Inc (NYSE:SRFM) shares last traded on Wall Street fell -29.44% to $2.54.
SRFM stock price is now 3.58% away from the 50-day moving average and -13.94% away from the 200-day moving average. The market capitalization of the company currently stands at $48.98M.
With the price target maintained at $3.25, Canaccord Genuity recently Upgraded its rating from Hold to Buy for Surf Air Mobility Inc (NYSE: SRFM). On May 15, 2024, Canaccord Genuity Downgraded its previous ‘Buy’ rating to ‘Hold’ on the stock reducing its target price from $2.50 to quote $1, while ‘Piper Sandler’ rates the stock as ‘Overweight’
In other news, Palantir Technologies Inc., 10% Owner bought 1,040,557 shares of the company’s stock on Jun 18 ’25. The stock was bought for $2,153,953 at an average price of $2.07. Upon completion of the transaction, the 10% Owner now directly owns 4,461,564 shares in the company, valued at $11.33 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 03 ’25, Director Shahani Sudhin sold 75,840 shares of the business’s stock. A total of $184,291 was realized by selling the stock at an average price of $2.43. This leaves the insider owning 549,578 shares of the company worth $1.4 million. A total of 33.84% of the company’s stock is owned by insiders.
During the past 12 months, Surf Air Mobility Inc has had a low of $0.90 and a high of $6.72.
The company reported revenue of $23.51 million for the quarter, compared to $30.62 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -23.24 percent.
