Surf Air Mobility (SRFM) to Release Quarterly Earnings on Thursday

Surf Air Mobility (NYSE:SRFM) will announce its earnings results after the market closes on Thursday, November 14th. Analysts expect the company to announce earnings of ($1.05) per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Surf Air Mobility (NYSE:SRFM) last released its 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 business had revenue of $32.37 million during 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 Price Performance

NYSE SRFM opened at $1.93 on Wednesday. The firm has a market capitalization of $24.70 million, a price-to-earnings ratio of -0.08 and a beta of 0.93. The company has a 50 day simple moving average of $1.65 and a 200-day simple moving average of $2.10. Surf Air Mobility has a 52-week low of $0.90 and a 52-week high of $11.83.

Insider Activity

In other Surf Air Mobility news, major shareholder Palantir Technologies Inc. purchased 1,270,869 shares of the business’s stock in a transaction dated Wednesday, October 2nd. The shares were acquired at an average price of $1.25 per share, for a total transaction of $1,588,586.25. Following the acquisition, the insider now owns 2,730,166 shares of the company’s stock, valued at $3,412,707.50. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders sold a total of 36,551 shares of company stock worth $48,344 in the last three months. 8.10% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group lifted their target price on shares of Surf Air Mobility from $1.00 to $2.20 and gave the company a “hold” rating in a research note 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.