Volatus Aerospace (TSE:FLT – Get Free Report) has been given a C$0.90 target price by research analysts at Desjardins in a research report issued to clients and investors on Wednesday, BayStreet reports. The brokerage presently has a “buy” rating on the aerospace company’s stock. Desjardins’ target price suggests a potential upside of 45.16% from the company’s previous close.
Volatus Aerospace Stock Performance
TSE FLT remained flat at C$0.62 on Wednesday. 708,405 shares of the company’s stock traded hands, compared to its average volume of 1,720,930. The stock’s fifty day moving average price is C$0.52 and its 200-day moving average price is C$0.67. The firm has a market cap of C$455.94 million, a price-to-earnings ratio of -15.50 and a beta of 2.93. The company has a quick ratio of 9.02, a current ratio of 0.71 and a debt-to-equity ratio of 566.20. Volatus Aerospace has a twelve month low of C$0.45 and a twelve month high of C$0.89.
Volatus Aerospace (TSE:FLT – Get Free Report) last released its quarterly earnings data on Thursday, August 13th. 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 business had revenue of C$8.42 million during the quarter. On average, research analysts anticipate that Volatus Aerospace will post -0.01 earnings per share for the current fiscal year.
About Volatus Aerospace
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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