Surf Air Mobility Inc [NYSE: SRFM] gained 12.68% or 0.43 points to close at $3.82 with a heavy trading volume of 1912591 shares.
The daily chart for SRFM points out that the company has recorded 113.17% gains over the past six months.
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If we look at the average trading volume of 883.19K shares, SRFM reached to a volume of 1912591 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Surf Air Mobility Inc [SRFM]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for SRFM shares is $2.20 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on SRFM stock is a recommendation set at 3.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Canaccord Genuity have made an estimate for Surf Air Mobility Inc shares, keeping their opinion on the stock as Hold, with their previous recommendation back on May 15, 2024. While these analysts kept the previous recommendation, Piper Sandler raised their target price to Overweight. The new note on the price target was released on September 08, 2023, representing the official price target for Surf Air Mobility Inc stock. Previously, the target price had yet another raise to $3, while Canaccord Genuity analysts kept a Buy rating on SRFM stock.
The Average True Range (ATR) for Surf Air Mobility Inc is set at 0.69, with the Price to Sales ratio for SRFM stock in the period of the last 12 months amounting to 0.50.
Trading performance analysis for SRFM stock
Surf Air Mobility Inc [SRFM] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -14.16. With this latest performance, SRFM shares gained by 96.91% in over the last four-week period, additionally plugging by 113.17% over the last 6 months – not to mention a drop of -38.68% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for SRFM stock in for the last two-week period is set at 57.00, with the RSI for the last a single of trading hit 54.16, and the three-weeks RSI is set at 57.99 for Surf Air Mobility Inc [SRFM]. The present Moving Average for the last 50 days of trading for this stock 2.51, while it was recorded at 3.95 for the last single week of trading, and 2.95 for the last 200 days.
Surf Air Mobility Inc [SRFM]: A deeper dive into fundamental analysis
Surf Air Mobility Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.11 and a Current Ratio set at 0.11.
An analysis of Institutional ownership at Surf Air Mobility Inc [SRFM]
There are presently around $41.21%, or 49.33%% of SRFM stock, in the hands of institutional investors.
