Surf Air Mobility (SRFM) Scheduled to Post Quarterly Earnings on Thursday

Surf Air Mobility (NYSE:SRFM) is scheduled to be issuing its quarterly earnings data after the market closes on Thursday, November 14th. Analysts expect the company to announce earnings of ($1.05) per share for the quarter. Surf Air Mobility has set its Q3 2024 guidance at EPS.Investors interested in listening to the company’s conference call can do so using this link.

Surf Air Mobility (NYSE:SRFM) last announced its quarterly earnings results on Wednesday, August 14th. The company reported ($1.96) earnings per share for the quarter, missing the consensus estimate of ($1.40) by ($0.56). The company had revenue of $32.37 million for the quarter, compared to the consensus estimate of $30.15 million. On average, analysts expect Surf Air Mobility to post $-7 EPS for the current fiscal year and $-4 EPS for the next fiscal year.

Surf Air Mobility Trading Up 3.7 %

SRFM stock opened at $1.82 on Thursday. The stock’s 50 day simple moving average is $1.60 and its 200 day simple moving average is $2.14. Surf Air Mobility has a 12-month low of $0.90 and a 12-month high of $11.83. The stock has a market capitalization of $23.29 million, a PE ratio of -0.07 and a beta of 0.93.

Insider Transactions at Surf Air Mobility

In related news, major shareholder Palantir Technologies Inc. acquired 1,270,869 shares of the stock in a transaction that occurred on Wednesday, October 2nd. The shares were bought at an average price of $1.25 per share, for a total transaction of $1,588,586.25. Following the completion of the transaction, the insider now directly owns 2,730,166 shares in the company, valued at approximately $3,412,707.50. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold 36,551 shares of company stock worth $48,344 over the last three months. 8.10% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group upped their price target on Surf Air Mobility from $1.00 to $2.20 and gave the company a “hold” rating in a report on Tuesday, August 27th.

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.