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

Volatus Aerospace Inc. (TSE:FLTGet Free Report)’s share price traded up 8.7% during trading on Tuesday . The company traded as high as C$0.77 and last traded at C$0.75. 3,242,789 shares traded hands 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 objective on shares of Volatus Aerospace and gave the stock a “buy” rating in a report on Tuesday, February 3rd. Two analysts have rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Strong Buy” and an average price target of C$0.88.

Check Out Our Latest Stock Analysis on Volatus Aerospace

Volatus Aerospace Trading Up 7.2%

The stock 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 fifty day simple moving average is C$0.86 and its 200 day simple moving average is C$0.70. The company has a debt-to-equity ratio of 566.20, a current ratio of 0.71 and a quick ratio of 9.02.

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

About Volatus Aerospace

(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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