Shares of Volatus Aerospace Inc. (TSE:FLT – Get Free Report) hit a new 52-week low on Tuesday. The company traded as low as C$0.44 and last traded at C$0.46, with a volume of 777,933 shares changing hands. The stock had previously closed at C$0.47.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently issued reports on the stock. ATB Cormark Capital Markets set a C$1.00 price objective on shares of Volatus Aerospace and gave the stock a “speculative buy” rating in a research report on Wednesday, October 21st. Desjardins upped their price target on shares of Volatus Aerospace from C$0.90 to C$0.95 and gave the stock a “buy” rating in a research report on Thursday, October 15th. Finally, Ventum Capital increased their price target on Volatus Aerospace from C$0.95 to C$1.00 and gave the company a “buy” rating in a report on Thursday, October 15th. Two research analysts have rated the stock with a Strong Buy rating and four have issued a Buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of C$0.94.
View Our Latest Research Report on Volatus Aerospace
Volatus Aerospace Price Performance
The stock has a market cap of C$338.28 million, a PE ratio of -11.50 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. The company’s 50 day moving average is C$0.54 and its 200-day moving average is C$0.65.
Volatus Aerospace (TSE:FLT – Get Free Report) last posted its quarterly earnings data on Thursday, August 13th. The aerospace company reported C($0.01) earnings per share for the quarter. The firm had revenue of C$8.42 million during the quarter. Volatus Aerospace had a negative net margin of 27.14% and a negative return on equity of 115.14%. As a group, sell-side analysts predict that Volatus Aerospace Inc. will post -0.01 earnings per share for the current 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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