Should I buy or sell Surf Air Mobility stock right now?

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Surf Air Mobility in the last year. There are currently 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" SRFM shares. View SRFM analyst ratings or view top-rated stocks .

What is Surf Air Mobility's stock price target for 2024?

4 brokers have issued 12-month target prices for Surf Air Mobility's shares. Their SRFM share price targets range from $3.00 to $4.00. On average, they expect the company's share price to reach $3.41 in the next year. This suggests a possible upside of 119.7% from the stock's current price. View analysts price targets for SRFM or view top-rated stocks among Wall Street analysts .

How have SRFM shares performed in 2023?

Surf Air Mobility's stock was trading at $2.45 at the start of the year. Since then, SRFM shares have decreased by 36.7% and is now trading at $1.55. View the best growth stocks for 2023 here .

When is Surf Air Mobility's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 13th 2024. View our SRFM earnings forecast .

How were Surf Air Mobility's earnings last quarter?

Surf Air Mobility Inc. (NYSE:SRFM) issued its earnings results on Tuesday, November, 14th. The company reported ($0.92) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.20) by $0.72. The company earned $21.97 million during the quarter, compared to analyst estimates of $27.96 million.

What guidance has Surf Air Mobility issued on next quarter's earnings?

Surf Air Mobility updated its FY 2023 earnings guidance on Tuesday, November, 14th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $107.50 million-$112.50 million, compared to the consensus revenue estimate of $113.40 million.

When did Surf Air Mobility IPO?

(SRFM) raised $281 million in an initial public offering (IPO) on Thursday, July 27th 2023. The company issued 23,700,000 shares at $11.86 per share. Morgan Stanley, Canaccord Genuity, Moelis & Co., Baird and Sanford Bernstein acted as the underwriters for the IPO.

When does the company's lock-up period expire?

Surf Air Mobility's lock-up period expires on Tuesday, January 23rd. Surf Air Mobility had issued 20,423,622 shares in its IPO on July 27th. The total size of the offering was $408,472,440 based on an initial share price of $20.00. After the end of the company's lock-up period, restrictions preventing major shareholders and company insiders from selling shares in the company will be lifted.

How do I buy shares of Surf Air Mobility?

Shares of SRFM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NYSE:SRFM

Surf Air Mobility (SRFM) Stock Price, News & Analysis

$1.55

+0.01 (+0.65%)

(As of 12/29/2023 ET)

Compare

Today's Range: $1.37
▼
$1.64
50-Day Range: $0.69
▼
$1.55
52-Week Range: $0.65
▼
$5.00

Volume: 216,727 shs
Average Volume: 225,580 shs
Market Capitalization: $114.13 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $3.41

About Surf Air Mobility Stock (NYSE:SRFM)

Surf Air Mobility Inc. operates as an electric aviation and air travel company in the United States. It offers an air mobility platform with scheduled routes and on demand charter flights operated by third parties; and air cargo services. The company is headquartered in Hawthorne, California.

SRFM Stock Price History

30 days | 90 days | 365 days | Advanced Chart

SRFM Stock News Headlines

December 30, 2023 | americanbankingnews.com

Surf Air Mobility (NYSE:SRFM) Shares Up 0.6%

December 28, 2023 | msn.com

Surf Air Mobility enters into binding terms for $35.2M mandatory convertible debenture

December 31, 2023 | MarketBeat Internal (Ad)

New Year's Sale: Get MarketBeat All Access Free For 30 Days

Access our premier research platform that includes MarketBeat Daily Premium, portfolio monitoring tools, stock screeners, research tools, a real-time news feed, email and SMS alerts, the MarketBeat Idea Engine, proprietary brokerage rankings, extended data export tools and much more. Click the link to claim your $300.00 account credit and free 30-day subscription

December 28, 2023 | finance.yahoo.com

Surf Air Mobility Enters into Binding Terms for a $35.2 Million Mandatory Convertible Debenture with GEM Global Yield LLC

December 27, 2023 | benzinga.com

Surf Air Mobility Stock (NYSE:SRFM), Short Interest Report

December 27, 2023 | msn.com

Surf Air Mobility appoints Reeves as CFO

December 27, 2023 | markets.businessinsider.com

Surf Air Mobility Appoints Oliver Reeves To Succeed Deanna White As New CFO

December 13, 2023 | finance.yahoo.com

Dutch Startup Plans to Transform Air Travel with 80-Seater Hybrid-Electric Plane

December 31, 2023 | MarketBeat Internal (Ad)

New Year's Sale: Get MarketBeat All Access Free For 30 Days

December 8, 2023 | finance.yahoo.com

Surf Air Mobility and Purdue University Enter Agreement for Privately Subsidized Commuter Air Service Between West Lafayette / Purdue University Airport (LAF) and Chicago O’Hare Airport (ORD)

November 28, 2023 | markets.businessinsider.com

Analysts Offer Insights on Industrial Goods Companies: Lilium (LILM) and Surf Air Mobility, Inc. (SRFM)

November 27, 2023 | finance.yahoo.com

Surf Air Mobility and Azul Conecta Enter Agreement to Incorporate Electric Powertrains into Azul’s Cessna Caravan Fleet

November 22, 2023 | markets.businessinsider.com

Surf Air Mobility’s Strong Market Position and Financial Flexibility Affirm Buy Rating

November 16, 2023 | finance.yahoo.com

Surf Air Mobility Inc.'s (NYSE:SRFM) Earnings Haven't Escaped The Attention Of Investors

November 16, 2023 | markets.businessinsider.com

Analysts Offer Insights on Industrial Goods Companies: Surf Air Mobility, Inc. (SRFM) and Joby Aviation (JOBY)

November 14, 2023 | finance.yahoo.com

Surf Air Mobility Reports Revenue Growth In Third Quarter 2023 and Maintains Full Year Guidance

November 9, 2023 | finance.yahoo.com

Surf Air Mobility Files Form S-1 registration statement with the SEC registering up to 300 million shares of Common Stock

October 31, 2023 | finance.yahoo.com

Surf Air Mobility to Provide Third Quarter 2023 Financial Results on November 14, 2023

October 19, 2023 | bizjournals.com

Want to beat traffic? Soon, electric seagliders could be a travel option

October 12, 2023 | finance.yahoo.com

REGENT Announces Deal with Surf Air to Establish Seaglider Service in Miami

October 3, 2023 | finance.yahoo.com

New to The Street Signs Surf Air Mobility To 12 Part Media Series, Agreement Includes Commercials and Billboard Ads

September 26, 2023 | bizjournals.com

Surf Air Mobility buys 20 Cessna Grand Caravan EX planes

September 26, 2023 | markets.businessinsider.com

Surf Air Mobility Orders 100 Cessna Grand Caravan EX Aircraft; Stock Up In Pre-market

September 21, 2023 | finance.yahoo.com

Surf Air Mobility Publishes Updated Investor Presentation

September 19, 2023 | finance.yahoo.com

Surf Air Mobility Publicly Files Form S-1 Registration Statement Related to Previously Announced Funding from Gem Global Yield LLC SCS

September 18, 2023 | finance.yahoo.com

Surf Air Mobility Co-Founder Sudhin Shahani and Chairman Carl Albert Purchase SRFM Shares in the Open Market

August 29, 2023 | finance.yahoo.com

Surf Air Mobility Files Its Second Quarter Results via Quarterly Report on Form 10-Q and Current Report on Form 8-K

See More Headlines

Receive SRFM Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Surf Air Mobility and its competitors with MarketBeat's FREE daily newsletter.

Company Calendar

Last Earnings: 11/14/2023
Today: 12/31/2023
Fiscal Year End: 12/31/2023
Next Earnings (Estimated): 2/13/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Air transportation, nonscheduled
Sub-Industry: N/A
Sector: Transportation
Current Symbol: NYSE:SRFM
CUSIP: N/A
CIK: 1936224
Web: www.surfair.com
Phone: 310-365-3675
Fax: N/A
Employees: 802
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $3.41
High Stock Price Target: $4.00
Low Stock Price Target: $3.00
Potential Upside/Downside: +119.7%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 4 Analysts

Profitability

EPS (Most Recent Fiscal Year): N/A
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: N/A
Net Margins: N/A
Pretax Margin: N/A
Return on Equity: N/A
Return on Assets: N/A

Debt

Debt-to-Equity Ratio: 1.20
Current Ratio: 0.27
Quick Ratio: 0.27

Sales & Book Value

Annual Sales: N/A
Price / Sales: N/A
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: N/A
Price / Book: N/A

Miscellaneous

Outstanding Shares: 73,630,000
Free Float: N/A
Market Cap: $114.13 million
Optionable: Not Optionable
Beta: N/A

A Guide To High-Short-Interest Stocks

MarketBeat's analysts have just released their top five short plays for January 2024. Learn which stocks have the most short interest and how to trade them. Click the link below to see which companies made the list.

Get This Free Report

Key Executives

Mr. Robert Stanley Little (Age 51)
CEO & Director
Comp: $403k
Mr. Sudhin Shahani (Age 40)
Co-Founder & Director
Comp: $500k
Ms. Deanna White (Age 57)
Chief Financial Officer
Comp: $650k
Mr. Liam Fayed
Co-Founder and Chief Brand & Experience Officer
Mr. David J. Anderman
Chief Legal Officer
Mr. Ido Gruberger
Chief Strategy Officer
Mr. Frederick W. Reid (Age 72)
Global Head of Business Development

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

SRFM Stock Analysis - Frequently Asked Questions

Should I buy or sell Surf Air Mobility stock right now?: 4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Surf Air Mobility in the last year. There are currently 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" SRFM shares.
View SRFM analyst ratings or view top-rated stocks.
What is Surf Air Mobility's stock price target for 2024?: 4 brokers have issued 12-month target prices for Surf Air Mobility's shares. Their SRFM share price targets range from $3.00 to $4.00. On average, they expect the company's share price to reach $3.41 in the next year. This suggests a possible upside of 119.7% from the stock's current price.
View analysts price targets for SRFM or view top-rated stocks among Wall Street analysts.
How have SRFM shares performed in 2023?: Surf Air Mobility's stock was trading at $2.45 at the start of the year. Since then, SRFM shares have decreased by 36.7% and is now trading at $1.55.
View the best growth stocks for 2023 here.
When is Surf Air Mobility's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 13th 2024.
View our SRFM earnings forecast.
How were Surf Air Mobility's earnings last quarter?: Surf Air Mobility Inc. (NYSE:SRFM) issued its earnings results on Tuesday, November, 14th. The company reported ($0.92) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.20) by $0.72. The company earned $21.97 million during the quarter, compared to analyst estimates of $27.96 million.

What guidance has Surf Air Mobility issued on next quarter's earnings?: Surf Air Mobility updated its FY 2023 earnings guidance on Tuesday, November, 14th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $107.50 million-$112.50 million, compared to the consensus revenue estimate of $113.40 million.
When did Surf Air Mobility IPO?: (SRFM) raised $281 million in an initial public offering (IPO) on Thursday, July 27th 2023. The company issued 23,700,000 shares at $11.86 per share. Morgan Stanley, Canaccord Genuity, Moelis & Co., Baird and Sanford Bernstein acted as the underwriters for the IPO.
When does the company's lock-up period expire?: Surf Air Mobility's lock-up period expires on Tuesday, January 23rd. Surf Air Mobility had issued 20,423,622 shares in its IPO on July 27th. The total size of the offering was $408,472,440 based on an initial share price of $20.00. After the end of the company's lock-up period, restrictions preventing major shareholders and company insiders from selling shares in the company will be lifted.
How do I buy shares of Surf Air Mobility?: Shares of SRFM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:SRFM) was last updated on 12/31/2023 by MarketBeat.com Staff

Get 30 Days of MarketBeat All Access Free

Best-in-Class Portfolio Monitoring
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Stock Ideas and Recommendations
Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.
Advanced Stock Screeners and Research Tools
Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.

Start Your 30-Day Free Trial