Volatus Aerospace (TSE:FLT – Get Free Report) had its price objective boosted by stock analysts at Desjardins from C$0.90 to C$0.95 in a research note issued to investors on Thursday, BayStreet reports. The firm presently has a “buy” rating on the aerospace company’s stock. Desjardins’ price target indicates a potential upside of 86.27% from the company’s current price.
Volatus Aerospace Stock Up 4.1%
FLT stock traded up C$0.02 during midday trading on Thursday, hitting C$0.51. 488,721 shares of the company’s stock were exchanged, compared to its average volume of 1,677,563. The firm has a 50 day moving average price of C$0.55 and a 200-day moving average price of C$0.64. Volatus Aerospace has a 12-month low of C$0.45 and a 12-month high of C$0.89. The stock has a market capitalization of C$375.05 million, a price-to-earnings ratio of -12.75 and a beta of 2.67. The company has a current ratio of 0.71, a quick ratio of 9.02 and a debt-to-equity ratio of 566.20.
Volatus Aerospace (TSE:FLT – Get Free Report) last released its earnings results on Thursday, August 13th. The aerospace company reported C($0.01) EPS for the quarter. The business had revenue of C$8.42 million for the quarter. Volatus Aerospace had a negative net margin of 27.14% and a negative return on equity of 115.14%. On average, analysts anticipate that Volatus Aerospace will post -0.01 EPS for the current year.
Volatus Aerospace Company Profile
Volatus Aerospace Inc provides integrated aerial intelligence, drone logistics and aerospace solutions internationally.
The company offers drone inspection, surveillance, lidar, geomatics, mapping, pipeline monitoring, wildfire support, crewed aviation, drone delivery and training services, as well as remotely piloted aircraft systems and related software platforms. It serves customers in industries including oil and gas, energy and utilities, defense, construction and engineering, infrastructure, mining, agriculture, government, public safety and property development.
The company was formed through the merger of Drone Delivery Canada Corp.
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