Surf Air Mobility (NYSE:SRFM) Announces Earnings Results

Surf Air Mobility (NYSE:SRFM) issued its quarterly earnings results 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 Stock Performance

NYSE:SRFM opened at $3.85 on Wednesday. The company has a 50-day moving average of $4.10 and a 200-day moving average of $3.12. The company 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 52 week low of $0.90 and a 52 week high of $7.14.

Analyst Ratings Changes

A number of analysts have weighed in on SRFM shares. Canaccord Genuity Group increased their price target on shares of Surf Air Mobility from $2.20 to $4.00 and gave the company a “hold” rating in a report on Friday, December 13th. HC Wainwright started coverage on shares of Surf Air Mobility in a report on Friday, March 7th. They set a “buy” rating and a $12.00 price objective for the company.

Insider Transactions at Surf Air Mobility

In other news, Director Sudhin Shahani purchased 17,237 shares of the business’s stock in a transaction that occurred on Monday, December 23rd. The stock was purchased at an average cost of $3.43 per share, with a total value of $59,122.91. Following the acquisition, the director now directly owns 360,877 shares of the company’s stock, valued at approximately $1,237,808.11. This trade represents a 5.02 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 8.10% of the stock is owned by insiders.

About Surf Air Mobility

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.