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Surf Air Mobility Inc

Surf Air Mobility Inc (SRFM)

2.15
0.21
(10.82%)
Closed November 09 3:00PM
2.1699
0.0199
(0.93%)
After Hours: 6:55PM

Empower your portfolio: Real-time discussions and actionable trading ideas.

Key stats and details

Current Price
2.1699
Bid
-
Ask
-
Volume
286,646
1.955 Day's Range 2.1799
0.90 52 Week Range 11.83
Market Cap
Previous Close
1.94
Open
1.955
Last Trade
47
@
2.17
Last Trade Time
Financial Volume
US$ 599,695
VWAP
2.0921
Average Volume (3m)
853,652
Shares Outstanding
12,826,529
Dividend Yield
-
PE Ratio
-0.11
Earnings Per Share (EPS)
-19.55
Revenue
60.51M
Net Profit
-250.7M

About Surf Air Mobility Inc

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. 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.

Sector
Air Transport, Nonscheduled
Industry
Air Transport, Nonscheduled
Website
Headquarters
New Castle, Delaware, USA
Founded
-
Surf Air Mobility Inc is listed in the Air Transport, Nonscheduled sector of the New York Stock Exchange with ticker SRFM. The last closing price for Surf Air Mobility was US$1.94. Over the last year, Surf Air Mobility shares have traded in a share price range of US$ 0.90 to US$ 11.83.

Surf Air Mobility currently has 12,826,529 shares outstanding. The market capitalization of Surf Air Mobility is US$24.88 million. Surf Air Mobility has a price to earnings ratio (PE ratio) of -0.11.

SRFM Latest News

Surf Air Mobility to Announce Third Quarter 2024 Financial Results on November 14, 2024

Surf Air Mobility Inc. (NYSE: SRFM), a leading regional air mobility platform, today announced that it will release its third quarter 2024 financial results after market close on Thursday...

PeriodChangeChange %OpenHighLowAvg. Daily VolVWAP
10.419923.99428571431.752.171.61468021.78129307CS
4-0.5801-21.09454545452.752.851.64112681.94754592CS
12-0.0701-3.129464285712.243.590.98536522.69865996CS
26-0.8548-28.26065394923.02473.590.99290562.56509223CS
52-7.1401-76.69280343729.3111.830.96312123.53741716CS
156-32.8301-93.800285714335350.96492815.87380306CS
260-32.8301-93.800285714335350.96492815.87380306CS

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SRFM Discussion

View Posts
tw0122 tw0122 4 weeks ago
Nice dump after the pump
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Oleblue Oleblue 4 weeks ago
Palantir Technologies Inc. Expands Stake in Surf Air Mobility Inc.
GuruFocus News
Fri, October 4, 2024 at 9:02 PM EDT

SRFM
+40.34%

On October 2, 2024, Palantir Technologies Inc. (Trades, Portfolio), a prominent data analytics firm, made a significant addition to its investment portfolio by acquiring 1,270,869 shares of Surf Air Mobility Inc. (NYSE:SRFM). This transaction increased Palantir's total holdings in the company to 2,730,166 shares, marking a substantial endorsement of Surf Air Mobility's business model and future prospects. The shares were purchased at a price of $1.68 per share, reflecting a strategic move by Palantir in the transportation and technology sectors.
Insight into Palantir Technologies Inc. (Trades, Portfolio)

Warning! GuruFocus has detected 6 Warning Signs with SRFM.

Based in Denver, Colorado, Palantir Technologies Inc. (Trades, Portfolio) is not just any data firm; it's a powerhouse in leveraging big data for insightful analytics across various sectors. With a portfolio that includes only four companies but is highly selective and strategic, Palantir's investment actions are often watched closely by the market. The firm's top holdings include names like Allego NV (ALLGF), MSP Recovery Inc (NASDAQ:LIFW), and Rubicon Technologies Inc (RBTC), with Surf Air Mobility Inc. (NYSE:SRFM) being a notable part of this exclusive list. The firm's focus primarily lies in the industrials and technology sectors, aligning with its expertise in data analytics.
Palantir Technologies Inc. Expands Stake in Surf Air Mobility Inc.
Palantir Technologies Inc. Expands Stake in Surf Air Mobility Inc.
About Surf Air Mobility Inc.

Surf Air Mobility Inc., headquartered in the USA, operates a unique business model in the transportation industry. Since its IPO on July 27, 2023, the company has been at the forefront of electric aviation, focusing on regional air mobility with an emphasis on sustainability. Despite a challenging market, with a current market capitalization of $24.885 million and a stock price of $1.94, Surf Air Mobility aims to revolutionize air travel through its innovative on-demand and scheduled segments.
Transaction Impact and Strategic Analysis

The recent acquisition by Palantir Technologies Inc. (Trades, Portfolio) has not only increased its stake in Surf Air Mobility Inc. but also raised its position to 18.50% in the company, reflecting a strong vote of confidence in Surf Air Mobility's potential and strategic fit within Palantir's investment philosophy. This move could signal a deeper integration or potential collaborations between Palantirs data analytics capabilities and Surf Air Mobilitys operational needs.
Financial and Market Performance of Surf Air Mobility Inc.

Surf Air Mobility Inc. has faced financial challenges, as indicated by a PE Ratio of 0.00, suggesting the company is not currently generating profits. The GF Score of 14/100 points to potential struggles in future performance. However, the stock has seen a 15.48% increase since the transaction date, although it remains down 94.46% since its IPO and 81.02% year-to-date. These metrics highlight the high-risk, high-reward nature of investing in emerging technologies within the transportation sector.
Palantir Technologies Inc. Expands Stake in Surf Air Mobility Inc.
Palantir Technologies Inc. Expands Stake in Surf Air Mobility Inc.
Broader Market and Sector Implications

The investment by Palantir Technologies in Surf Air Mobility Inc. comes at a time when the transportation sector is increasingly intersecting with technology, particularly around sustainable solutions. This sector's dynamics, coupled with technological advancements, are likely to influence further investments by data-driven firms like Palantir, aiming to leverage their analytical capabilities to foster growth in innovative industries.
Conclusion

Palantir Technologies Inc. (Trades, Portfolio)'s recent investment in Surf Air Mobility Inc. underscores a strategic alignment with innovative and sustainable technology in the transportation sector. While the financial health of Surf Air Mobility poses risks, the potential for future growth and integration with Palantirs technologies could justify the significant stake taken by the firm. Investors and market watchers will undoubtedly keep a close eye on how this partnership evolves, potentially setting a precedent for similar investments in the sector.

This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.

This article first appeared on GuruFocus.
https://finance.yahoo.com/news/palantir-technologies-inc-expands-stake-010250068.html

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glenn1919 glenn1919 1 month ago
SRFM...........................https://stockcharts.com/h-sc/ui?s=SRFM&p=W&b=5&g=0&id=p86431144783
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TrendTrade2016 TrendTrade2016 1 month ago
SRFM BREAKING NEW HIGHS
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TrendTrade2016 TrendTrade2016 1 month ago
SFRM... HERE WE GO
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TrendTrade2016 TrendTrade2016 1 month ago
SRFM MONSTER
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TrendTrade2016 TrendTrade2016 1 month ago
SRFM ON THE MOVE
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glenn1919 glenn1919 1 month ago
SRFM......................https://stockcharts.com/h-sc/ui?s=SRFM&p=W&b=5&g=0&id=p86431144783
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glenn1919 glenn1919 1 month ago
SRFM...................................https://stockcharts.com/h-sc/ui?s=SRFM&p=W&b=5&g=0&id=p86431144783
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glenn1919 glenn1919 2 months ago
SRFM...............................................https://stockcharts.com/h-sc/ui?s=SRFM&p=W&b=5&g=0&id=p86431144783
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Monksdream Monksdream 2 months ago
SRFM new 52 week low
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Monksdream Monksdream 2 months ago
SRFM new 52/low
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TrendTrade2016 TrendTrade2016 3 months ago
SRFM POST SPLIT BLITZ
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Monksdream Monksdream 3 months ago
SRFM new 52 low
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Oleblue Oleblue 3 months ago
Surf Air Mobility Announces Terms of Reverse Stock Split
Business Wire
Fri, Aug 9, 2024, 5:00 PM EDT

LOS ANGELES, August 09, 2024--(BUSINESS WIRE)--Surf Air Mobility Inc. (NYSE: SRFM) ("Surf Air Mobility," "we," or "the Company") announced today the terms of the Company’s previously disclosed reverse stock split (the "Reverse Split").

Authorization for the Reverse Split was approved by stockholders at Surf Air Mobility’s Annual Meeting on June 25, 2024. On August 8, 2024, the Board of Directors selected a Reverse Split ratio of 1-for-7 shares (the "Split Ratio") pursuant to the authorization approved by stockholders. The Reverse Split will be effective at 12:01 am Eastern Time on August 19, 2024 for all outstanding shares of Surf Air Mobility’s common stock. The Company’s common stock will continue to trade under the symbol "SRFM" and is expected to begin trading on the New York Stock Exchange ("NYSE") on a split-adjusted basis on August 19, 2024.

As a result of the Reverse Split, every seven shares of the Company’s issued and outstanding common stock will be automatically reclassified into one new share of common stock, which will remain fully paid and non-assessable. The Reverse Split will not modify any rights or preferences of any of Surf Air Mobility’s common stock, and will be applied uniformly and equally to stockholders, such that the percentage ownership interests in the Company’s equity will not change, except to the extent that the Reverse Split results in a stockholder owning a fractional share. No fractional shares will be issued in connection with the Reverse Split, and in lieu thereof, stockholders who would otherwise be entitled to a fractional share will receive a proportional cash payment based on the closing trading price per share of the common stock on the NYSE on August 16, 2024, the trading day immediately preceding the effective time of the Reverse Split, as adjusted for the Split Ratio.

The Reverse Split will not change the number of authorized shares of each class of common stock, or the par value of the common stock. The Company will proportionally adjust the exercise prices and the number of shares underlying the Company’s outstanding equity awards, as well as the number of shares issued and issuable under Surf Air Mobility’s equity incentive plan.

The Reverse Split is intended to help the Company regain compliance with the minimum bid price requirements for maintaining its listing on the NYSE.

Following the effectiveness of the Reverse Split the new CUSIP number for the common stock will be 868927 203. Immediately following the Reverse Split there will be approximately 12,826,529 shares of common stock outstanding.

Surf Air Mobility has appointed its transfer agent, Equiniti Trust Company, LLC, to act as exchange agent for the Reverse Split. Stockholders owning pre-split shares via a bank, broker, or other nominee will have their positions automatically adjusted to reflect the Reverse Split and will not be required to take further action in connection with the Reverse Split, subject to the nominees' particular procedures and policies. Similarly, registered stockholders holding pre-split shares of the Company's common stock electronically in book-entry form are also not required to take further action in connection with the Reverse Split. Holders of certificated shares will be contacted by the Company or its exchange agent with further details about how to surrender old certificates in exchange for new shares.

Additional information about the Reverse Split can be found in the Company's definitive proxy statement filed with the Securities and Exchange Commission (the "SEC") on April 29, 2024, which is available free of charge at the SEC's website, www.sec.gov, and on the Company's website at https://investors.surfair.com/financials/sec-filings/default.aspx.

About Surf Air Mobility

Surf Air Mobility is a Los Angeles-based regional air mobility platform expanding the category of regional air travel to transform flying through the power of electrification. In an effort to substantially reduce the cost and environmental impact of flying and as the owner of the largest commuter airline in the US, Surf Air Mobility intends to develop powertrain technology with its commercial partners to electrify existing fleets and bring electrified aircraft to market at scale. The management team has deep experience and expertise across aviation, electrification, and consumer technology.

Forward-Looking Statements

This Press Release contains forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995, including statements regarding the timing of implementation of the Reverse Split and the Split Ratio, our intentions, and the expected benefits associated therewith. Readers of this release should be aware of the speculative nature of forward-looking statements. These statements are based on the beliefs of the Company’s management as well as assumptions made by and information currently available to the Company and reflect the Company’s current views concerning future events. As such, they are subject to risks and uncertainties that could cause actual results or events to differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, among many others: the Company’s future ability to pay contractual obligations and liquidity, which will depend on operating performance, cash flow and ability to secure adequate financing; the Company’s limited operating history and that the Company has not yet manufactured any fully-electric or hybrid-electric aircraft; the powertrain technology the Company plans to develop does not yet exist and remains subject to approval by regulators; the Company’s ability to maintain and strengthen the Company’s brand and its reputation as a regional airline; any accidents or incidents involving aircraft including those involving fully-electric or hybrid-electric aircraft; the Company’s ability to accurately forecast demand for products and manage product inventory in an effective and efficient manner; the dependence on third-party partners and suppliers for the components and collaboration in the Company’s development of fully-electric and hybrid-electric powertrains, and any interruptions, disagreements or delays with those partners and suppliers; the Company’s ability to execute business objectives and growth strategies successfully or sustain the Company’s growth; risks from the integration of business acquisitions that could adversely affect the Company’s business, divert the attention of management, and dilute shareholder value; increased costs as a result of operating as a public company, and the requirement that management devote substantial time to comply with the Company’s public company responsibilities and corporate governance practices; the ability of the Company’s customers and potential customers to pay for the Company’s services; the Company’s ability to obtain additional financing or access the capital markets to fund its ongoing operations on acceptable terms and conditions; the outcome of any legal proceedings that might be instituted against the Company; the risks associated with the Company’s obligations to comply with applicable laws, government regulations and rules and standards of the New York Stock Exchange; and general economic conditions. These and other risks are discussed in detail in the periodic reports that the Company files with the SEC, and investors are urged to review those periodic reports and the Company’s other filings with the SEC, which are accessible on the SEC’s website at www.sec.gov, before making an investment decision. The Company assumes no obligation to update its forward-looking statements except as required by law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240809768357/en/

Contacts

Media Contacts
Press: press@surfair.com
Investors: investors@surfair.com

https://finance.yahoo.com/news/surf-air-mobility-announces-terms-210000317.html

Possible bottom with OBV turning up.

Weekly Chart
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Oleblue Oleblue 3 months ago
Surf Air Mobility to Provide Second Quarter 2024 Financial Results on August 14, 2024
Business Wire
Tue, Aug 6, 2024

LOS ANGELES, August 06, 2024--(BUSINESS WIRE)--Surf Air Mobility Inc. (NYSE: SRFM), a leading regional air mobility platform, today announced that it will release its second quarter 2024 financial results after market close on Wednesday, August 14, 2024, and will host a webcast at 5:00 pm ET the same day.

Interested parties can register in advance to listen to the webcast here or can find a link on the ‘Events & Presentations’ section of our investor relations website.

Alternatively, listeners may dial into the call as follows:
North America - Toll-Free (800) 715-9871
International (Toll) - (646) 307-1963
Conference ID: 4775356

About Surf Air Mobility

Surf Air Mobility, headquartered in Los Angeles, is a pioneering regional air mobility platform dedicated to transforming regional air travel through electrification. As the largest commuter airline operator in the US, Surf Air Mobility partners with commercial leaders to develop innovative powertrain technology for smaller aircraft, facilitating the electrification of existing fleets and the widespread adoption of electric aircraft. The company’s mission is to drive substantial cost reductions and environmental benefits to make regional flying more accessible and affordable. Backed by a management team with extensive expertise spanning aviation, electrification, and consumer technology, Surf Air Mobility is poised to advance the future of sustainable air travel.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240806663323/en/

Contacts
For Press:
press@surfair.com

For Investors:
investors@surfair.com
https://finance.yahoo.com/news/surf-air-mobility-second-quarter-210000856.html

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okwife okwife 3 months ago
time to buy yet? also they have a flight from el centro ipl to lax for $59 takes 1 hour !! can i leave my car for free there while i am travelling? my next door neighbor in yuma is using this flight to hook up to larger flights in lax. she says free for 30 days!! she drives from yuma az to el centro parks at the ipl and takes flights to lax !. 8 passenger cessna !! is this possible?
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Topgun21 Topgun21 5 months ago
On watch
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tw0122 tw0122 5 months ago
SRFM surfing between .40s and .60s
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glenn1919 glenn1919 8 months ago
SRFM......................................................https://stockcharts.com/h-sc/ui?s=SRFM&p=W&b=5&g=0&id=p86431144783
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trackkwizzard trackkwizzard 9 months ago
SRFM 1.10 following
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TRADER99 TRADER99 9 months ago
$1.22 close. Volume buys came in. Might see $1.40 tomorrow
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TrendTrade2016 TrendTrade2016 1 year ago
THANKS FOR THE WARNING...LMAO
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TrendTrade2016 TrendTrade2016 1 year ago
HOWS JAIL...LMAO!!!
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TrendTrade2016 TrendTrade2016 1 year ago
SRFM...TARGET OF 2.43 NEXT
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TrendTrade2016 TrendTrade2016 1 year ago
SRFM...BEAUTFUL CLOSE FOR THE WEEK
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TrendTrade2016 TrendTrade2016 1 year ago
run along son...you will be late for work
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valleybenedetto valleybenedetto 1 year ago
I have the same advice for you
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TrendTrade2016 TrendTrade2016 1 year ago
don't make a fool of yourself anymore than you have
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valleybenedetto valleybenedetto 1 year ago
One right 25 others wrong..quit while you are ahead for once.
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TrendTrade2016 TrendTrade2016 1 year ago
stick to the mres scam...real stocks ae not for you obviously
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valleybenedetto valleybenedetto 1 year ago
You do an excellent job making a fool out of yourself 99 pct of the time. 1 lucky call is just that .luck
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TrendTrade2016 TrendTrade2016 1 year ago
Don’t feel bad, I make fools out of fools on a daily basis Moronic one
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valleybenedetto valleybenedetto 1 year ago
Yeah I was so wrong here that I feel like you on most of your calls.
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valleybenedetto valleybenedetto 1 year ago
Yeah I was so wrong here that I feel like you on most of your calls.
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TrendTrade2016 TrendTrade2016 1 year ago
OUCH....GRET CALL HERE...LMAO
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TrendTrade2016 TrendTrade2016 1 year ago
MONSTAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
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valleybenedetto valleybenedetto 1 year ago
I don't play for small change like scalpers.
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valleybenedetto valleybenedetto 1 year ago
Nah..waiting for real money.
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TrendTrade2016 TrendTrade2016 1 year ago
AND YOU DID NOY SELL AT .028...OUCH
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valleybenedetto valleybenedetto 1 year ago
I'm in sub penny douche
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TrendTrade2016 TrendTrade2016 1 year ago
SORRY ABOUT YOUR LOSS ON MRES
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valleybenedetto valleybenedetto 1 year ago
So now you are batting .100...wrong 90 pct of the time. Get fukd piker.
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TrendTrade2016 TrendTrade2016 1 year ago
WHOS THE FOOL DUMMY....MONSTA
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TrendTrade2016 TrendTrade2016 1 year ago
ouch...fool otc bagholder...watch the magic
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valleybenedetto valleybenedetto 1 year ago
Ok fool.
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TrendTrade2016 TrendTrade2016 1 year ago
watch a learn son...you should have sold mres when i said top was in...you need to learn how to take profits
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valleybenedetto valleybenedetto 1 year ago
Dead co..tanksville. All hype
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TrendTrade2016 TrendTrade2016 1 year ago
cute...silly boy!!
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valleybenedetto valleybenedetto 1 year ago
This dumpster fire is going right back to the lows. GA r Bage
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