Volatus Aerospace (TSE:FLT) Trading 8.7% Higher – Time to Buy?

Volatus Aerospace Inc. (TSE:FLTGet Free Report)’s stock price traded up 8.7% during mid-day trading on Tuesday . The stock traded as high as C$0.77 and last traded at C$0.75. 3,242,789 shares were traded during mid-day trading, an increase of 61% from the average session volume of 2,018,653 shares. The stock had previously closed at C$0.69.

Wall Street Analyst Weigh In

Separately, Haywood Securities set a C$0.90 price target on shares of Volatus Aerospace and gave the stock a “buy” rating in a research report on Tuesday, February 3rd. Two analysts have rated the stock with a Strong Buy rating and one has given a Buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Strong Buy” and an average price target of C$0.88.

Read Our Latest Stock Analysis on FLT

Volatus Aerospace Price Performance

The company has a debt-to-equity ratio of 566.20, a current ratio of 0.71 and a quick ratio of 9.02. The firm has a market cap of C$500.72 million, a price-to-earnings ratio of -18.50 and a beta of 3.01. The business’s 50-day moving average price is C$0.86 and its two-hundred day moving average price is C$0.70.

Volatus Aerospace (TSE:FLTGet Free Report) last released its quarterly earnings results on Tuesday, March 31st. The aerospace company reported C($0.01) earnings per share for the quarter. Volatus Aerospace had a negative return on equity of 115.14% and a negative net margin of 27.14%.The company had revenue of C$7.30 million for the quarter. On average, research analysts forecast that Volatus Aerospace Inc. will post -0.01 EPS for the current fiscal year.

Volatus Aerospace Company Profile

(Get Free Report)

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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