Volato Group (NYSEAMERICAN:SOAR) Releases Quarterly Earnings Results

Volato Group (NYSEAMERICAN:SOAR) released its quarterly earnings results on Thursday. The company reported ($0.18) EPS for the quarter, FiscalAI reports. Volato Group had a net margin of 6.58% and a negative return on equity of 16.55%. The company had revenue of $1.00 million for the quarter.

Volato Group Price Performance

Shares of SOAR traded down $0.01 during mid-day trading on Friday, hitting $0.14. 2,172,353 shares of the company traded hands, compared to its average volume of 4,903,458. Volato Group has a one year low of $0.12 and a one year high of $4.36. The business has a 50-day moving average of $0.26 and a 200 day moving average of $0.67.

Hedge Funds Weigh In On Volato Group

An institutional investor recently raised its position in Volato Group stock. Geode Capital Management LLC raised its holdings in Volato Group, Inc. (NYSEAMERICAN:SOAR) by 336.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 47,870 shares of the company’s stock after acquiring an additional 36,905 shares during the quarter. Geode Capital Management LLC owned about 0.64% of Volato Group worth $31,000 as of its most recent SEC filing.

Volato Group Company Profile

Volato Group, Inc operates as a private aviation company. It offers fractional ownership, aircraft management, jet cards, deposit, and charter programs. As of December 31, 2023, the company operated a fleet of 24 HondaJets and a managed fleet of 6 aircraft. Volato Group, Inc was founded in 2021 and is based in Chamblee, Georgia.