QuarterHawkSign in

Surf Air Mobility Inc. (SRFM)

Industrials

No action
Fundamental
1
Sentiment
1
Technical
2

Do Nothing: fundamentalScore is 1 (below required floor of 3); strategy requires fundamentalScore >= 3 before any bullish entry.

Analysis as of 2026-06-29· about 2 trading days ago

Company overview

Surf Air Mobility Inc. is a U.S.-based company focused on electric aviation and air travel services. It operates an air mobility platform offering both scheduled flights and on-demand charters, with logistics and cargo services. The company is headquartered in Hawthorne, California.

Fundamental

very weak
Fundamental1
Severe financial stress

The company faces significant financial challenges with a going-concern warning and a large working-capital deficit.

Surf Air Mobility is a micro-cap air-services/electric-aviation platform with scaled revenue but severe financial stress. SEC filings flag substantial doubt about going concern; as of 3/31/2026 cash was about $4.2M with a working-capital deficit of roughly $111.9M. TTM margins are deeply negative (gross margin ~2.30%, net margin ~-103.39%), free cash flow is negative (FCF yield ~-72.08%), and liquidity is weak (current ratio ~0.16; Altman Z-score -11.49). Ongoing financing and dilution (GEM share-purchase draws and a June 2026 share issuance to Palantir) dominate the risk/reward. FundamentalScore: 1/5.

Sentiment

very weak
Sentiment1
Structurally high-risk

Sentiment is hindered by ongoing financing and dilution concerns despite some positive partnership news.

Late-June announced partnership/customer headlines (Palantir expansion, BETA demo program, Wheels Up as BrokerOS launch customer) have kept media sentiment mildly positive versus the 30–90d baseline. However, a **severe red flag** (prior going-concern disclosure with recurring dilution/financing overhang) caps the qualitativeScore at **1** despite the bullish PR flow.

Technical

weak
Technical2
High-volatility rebound

The stock is in a high-volatility rebound but remains in a broader downtrend, lacking a clean long setup.

SRFM printed a news-driven volume surge, but the session failed to hold its intraday breakout and finished below EMA9/21, SMA20/50/200, and VWAP. RSI14 at 42.56, MACD below zero and below signal, and ADX14 at 34.89 indicate the dominant trend is still down, so this is only a bounce attempt.

You’re looking at 2026-06-29 — about 2 trading days ago.

Subscribers saw this then, and see today’s score, verdict and trade plan now.

Not financial advice. For informational and educational purposes only.