Surf Air Mobility Inc. (NYSE:SRFM – Free Report) shares are going to reverse split on Monday, August 19th. The 1-7 reverse split was announced on Friday, August 9th. The number of shares owned by shareholders will be adjusted after the market closes on Friday, August 16th.
Surf Air Mobility Stock Performance
Shares of SRFM opened at $0.36 on Thursday. Surf Air Mobility has a 1 year low of $0.22 and a 1 year high of $2.50. The firm has a fifty day moving average of $0.34 and a 200-day moving average of $0.61. The company has a market cap of $31.97 million and a price-to-earnings ratio of -0.06.
Surf Air Mobility (NYSE:SRFM – Get Free Report) last issued its quarterly earnings data on Tuesday, May 14th. The company reported ($0.26) earnings per share for the quarter, missing the consensus estimate of ($0.19) by ($0.07). The company had revenue of $30.62 million for the quarter, compared to analysts’ expectations of $29.28 million. Analysts predict that Surf Air Mobility will post -0.97 EPS for the current year.
Analyst Upgrades and Downgrades
View Our Latest Report on SRFM
Institutional Investors Weigh In On Surf Air Mobility
An institutional investor recently raised its position in Surf Air Mobility stock. Ieq Capital LLC boosted its stake in shares of Surf Air Mobility Inc. (NYSE:SRFM – Free Report) by 75.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 36,762 shares of the company’s stock after buying an additional 15,755 shares during the period. Ieq Capital LLC’s holdings in Surf Air Mobility were worth $57,000 at the end of the most recent reporting period. 17.68% of the stock is currently owned by hedge funds and other institutional investors.
Surf Air Mobility Company Profile
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.
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