In Thursday’s Wall Street session, Surf Air Mobility Inc (NYSE:SRFM) shares traded at $4.1, up 23.12% from the previous session.
SRFM stock price is now 58.52% away from the 50-day moving average and 35.93% away from the 200-day moving average. The market capitalization of the company currently stands at $138.22M.
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, Painter Tyler, Director sold 22,000 shares of the company’s stock on Jun 25 ’25. The stock was sold for $110,000 at an average price of $5.00. Upon completion of the transaction, the Director now directly owns 182 shares in the company, valued at $746.2. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 24 ’25, Director Painter Tyler sold 18,583 shares of the business’s stock. A total of $74,345 was realized by selling the stock at an average price of $4.00. This leaves the insider owning 22,182 shares of the company worth $90946.2. A total of 43.35% 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 fifty day moving average price for SRFM is $2.5864 and a two-hundred day moving average price translates $3.01635 for the stock.
The latest earnings results from Surf Air Mobility Inc (NYSE: SRFM) was released for 2025-03-31. 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.
