Surf Air Mobility (NYSE:SRFM) Announces Quarterly Earnings Results, Misses Expectations By $0.23 EPS

Surf Air Mobility (NYSE:SRFM) announced its quarterly earnings data on Tuesday. The company reported ($1.31) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.08) by ($0.23), Zacks reports. Surf Air Mobility updated its Q2 2025 guidance to EPS.

Surf Air Mobility Stock Performance

Surf Air Mobility stock opened at $2.85 on Wednesday. Surf Air Mobility has a one year low of $0.90 and a one year high of $6.72. The business has a fifty day moving average of $2.87 and a two-hundred day moving average of $3.43. The company has a market cap of $54.95 million, a P/E ratio of -0.18 and a beta of 2.60.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. HC Wainwright began coverage on shares of Surf Air Mobility in a research note on Friday, March 7th. They set a “buy” rating and a $12.00 price target on the stock. Canaccord Genuity Group upgraded Surf Air Mobility from a “hold” rating to a “buy” rating and dropped their target price for the stock from $3.75 to $3.25 in a research report on Wednesday, April 2nd.

Insider Buying and Selling at Surf Air Mobility

In other Surf Air Mobility news, Director Tyler Painter sold 25,417 shares of the firm’s stock in a transaction on Wednesday, March 26th. The stock was sold at an average price of $3.65, for a total value of $92,772.05. Following the completion of the sale, the director now owns 40,765 shares of the company’s stock, valued at approximately $148,792.25. This trade represents a 38.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 8.10% of the stock is owned by corporate insiders.

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.