Shares of Volatus Aerospace Inc. (TSE:FLT – Get Free Report) hit a new 52-week low on Tuesday. The stock traded as low as C$0.44 and last traded at C$0.46, with a volume of 777,933 shares. The stock had previously closed at C$0.47.
Wall Street Analyst Weigh In
FLT has been the topic of several research analyst reports. Desjardins increased 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. Ventum Capital boosted their price objective 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. Finally, ATB Cormark Capital Markets set a C$1.00 target price on Volatus Aerospace and gave the stock a “speculative buy” rating in a report on Wednesday, October 21st. Two research analysts have rated the stock with a Strong Buy rating and four have given a Buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of C$0.94.
Read Our Latest Stock Report on Volatus Aerospace
Volatus Aerospace Trading Down 3.2%
The company has a quick ratio of 9.02, a current ratio of 0.71 and a debt-to-equity ratio of 566.20. The firm’s 50 day simple moving average is C$0.54 and its two-hundred day simple moving average is C$0.65. The stock has a market cap of C$338.28 million, a P/E ratio of -11.50 and a beta of 2.67.
Volatus Aerospace (TSE:FLT – Get Free Report) last posted its quarterly earnings results on Thursday, August 13th. The aerospace company reported C($0.01) earnings per share (EPS) 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. As a group, equities research analysts predict that Volatus Aerospace Inc. will post -0.01 earnings per share for the current fiscal year.
Volatus Aerospace Company Profile
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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