Streetbeat News

SRFM

Surf Air Mobility Inc.

https://www.surfair.com

Industry

Airlines, Airports & Air Services

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.

Open

3.71

Mkt cap

70M

Volume

178K

High

4.24

P/E Ratio

-0.27

52-wk high

7.14

Low

3.71

Div yield

N/A

52-wk low

0.90

In Monday's intraday session, several industrials stocks experienced significant movements. SES AI, Shimmick, Encore Wire, JE Cleantech Hldgs, Skillsoft, and Exela Technologies were among the gainers, with SES AI leading at a 14.4% increase. On the downside, Swvl Hldgs, Complete Solaria, Surf Air Mobility, Virco Mfg, Solidion Technology, and Guardforce AI Co saw notable declines, with Swvl Hldgs dropping by 31.4%. Skillsoft's rise was attributed to its Q4 earnings report, while Virco Mfg's decline followed its Q4 earnings release.

Portfolio Pulse from Benzinga Insights

April 15, 2024 | 4:31 pm

In Friday's after-market session, several industrials stocks saw significant movements. Notably, Nature's Miracle Holding (NMHI) led the gainers with a 13.4% increase, while Freight Technologies (FRGT) headed the losers with a 4.1% decrease. Other notable movers included Swvl Hldgs (SWVL), Surf Air Mobility (SRFM), and Astra Space (ASTR) among the gainers, and noco-noco (NCNC), TPI Composites (TPIC), and Xometry (XMTR) among the losers.

Portfolio Pulse from Benzinga Insights

April 12, 2024 | 8:31 pm

Surf Air Mobility Inc. (NYSE:SRFM), a regional air mobility platform, received a notice from the NYSE on April 2, 2024, for not meeting the minimum average closing price requirement of $1.00 over a 30-day period. Despite this, SRFM's stock will continue to trade on the NYSE, provided it meets other listing standards.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 9:03 pm

In Friday's intraday session, several industrials stocks experienced significant movements. Grindrod Shipping Holdings led the gainers with a 28.3% increase, while Primech Holdings topped the losers, dropping 15.3%. Other notable movers include Globavend Holdings, Shengfeng Development, and Blade Air Mobility on the gainers' side, and noco-noco, Microvast Holdings, and iPower among the losers. Microvast Holdings' recent Q4 earnings release is highlighted as a potential factor for its stock movement.

Portfolio Pulse from Benzinga Insights

April 05, 2024 | 4:39 pm

In Wednesday's after-market session, several industrials stocks saw significant movements. Intuitive Machines, FiscalNote Holdings, Knightscope, New Horizon Aircraft, Markforged Holding, and Advent Technologies Holdings were among the gainers, with increases ranging from 4.66% to 8.5%. Conversely, Nature's Miracle Holding, View, Surf Air Mobility, Greenwave Tech Solutions, Urban-gro, and Sidus Space were among the losers, with decreases ranging from 3.17% to 5.4%. These movements reflect the dynamic nature of the market and could indicate investor reactions to recent company performances or broader market trends.

Portfolio Pulse from Benzinga Insights

April 03, 2024 | 8:31 pm

In Tuesday's after-market session, several industrials stocks saw movements. Pineapple Energy, Surf Air Mobility, and Microvast Holdings were among the gainers with their stocks increasing due to recent Q4 earnings reports. Conversely, Velo3D, Zoomcar Holdings, and Controladora Vuela were among the losers. The movements reflect the market's reaction to the latest earnings and company valuations.

Portfolio Pulse from Benzinga Insights

April 02, 2024 | 8:31 pm

Canaccord Genuity analyst George Gianarikas maintains a Buy rating on Surf Air Mobility (SRFM) but lowers the price target from $3 to $2.5.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 2:37 pm

In Friday's pre-market session, several industrials stocks showed significant movement. Expion360, Swvl Hldgs, Energous, 1847 Holdings, Surf Air Mobility, and View were among the gainers, with increases ranging from 6.08% to 14.4%. Conversely, MillerKnoll, Urban-gro, Earlyworks Co, Staffing 360 Solutions, Caravelle Intl Gr, and ESS Tech experienced declines between 5.18% and 22.1%.

Portfolio Pulse from Benzinga Insights

March 29, 2024 | 12:06 pm

Surf Air Mobility Inc. (SRFM) reported a Q4 EPS of $(1.32), significantly missing the $(0.28) estimate. However, their sales of $26.84M exceeded the $25.69M estimate.

Portfolio Pulse from dijoy@benzinga.com

March 28, 2024 | 8:50 pm

Surf Air Mobility Inc. (NYSE:SRFM) reported its Q4 earnings with non-GAAP losses of 28 cents per share and revenue of $26.8 million, slightly beating the revenue estimate. The company also reported a fiscal year 2023 loss of $6.35 per share. Significant achievements include a direct listing on the NYSE and a merger with Southern Airways. The company forecasts Q1 revenue to be between $28.5 million and $29.5 million, below the $32.3 million estimate. Shares rose 4.39% in after-hours trading.

Portfolio Pulse from Erica Kollmann

March 28, 2024 | 8:15 pm

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