Surf Air Mobility (NYSE:SRFM) Posts Earnings Results

Surf Air Mobility (NYSE:SRFM) announced its quarterly earnings results on Tuesday. The company reported $0.59 earnings per share for the quarter, Zacks reports. The company had revenue of $28.05 million for the quarter. Surf Air Mobility updated its Q1 2025 guidance to EPS.

Surf Air Mobility Price Performance

SRFM opened at $4.03 on Thursday. Surf Air Mobility has a 12 month low of $0.90 and a 12 month high of $7.14. The stock has a market cap of $68.31 million, a P/E ratio of -0.25 and a beta of 2.50. The stock’s 50 day moving average price is $4.09 and its 200 day moving average price is $3.13.

Insider Buying and Selling at Surf Air Mobility

In other news, Director Sudhin Shahani purchased 17,237 shares of the firm’s stock in a transaction 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 purchase, the director now owns 360,877 shares in the company, valued at $1,237,808.11. This trade represents a 5.02 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 8.10% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. HC Wainwright assumed coverage on Surf Air Mobility in a research report on Friday, March 7th. They issued a “buy” rating and a $12.00 target price on the stock. Canaccord Genuity Group raised their target price on Surf Air Mobility from $2.20 to $4.00 and gave the company a “hold” rating in a research report on Friday, December 13th.

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.