Volatus Aerospace (TSE:FLT) Given New C$1.00 Price Target at Ventum Capital

Volatus Aerospace (TSE:FLT) had its price target upped by equities researchers at Ventum Capital from C$0.95 to C$1.00 in a research report issued to clients and investors on Thursday, BayStreet reports. The firm currently has a “buy” rating on the aerospace company’s stock. Ventum Capital’s target price would indicate a potential upside of 96.08% from the stock’s previous close.

Separately, Desjardins raised their price objective on shares of Volatus Aerospace from C$0.90 to C$0.95 and gave the company a “buy” rating in a research report on Thursday. Two investment analysts have rated the stock with a Strong Buy rating and three have given a Buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of C$0.92.

Volatus Aerospace Price Performance

FLT stock traded up C$0.02 during trading hours on Thursday, hitting C$0.51. 488,721 shares of the stock traded hands, compared to its average volume of 1,677,563. The stock has a 50-day simple moving average of C$0.55 and a 200 day simple moving average of C$0.64. Volatus Aerospace has a one year low of C$0.45 and a one year high of C$0.89. The company has a market cap of C$375.05 million, a P/E ratio of -12.75 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.

Volatus Aerospace (TSE:FLT) last released its 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 firm had revenue of C$8.42 million for the quarter. Equities analysts forecast that Volatus Aerospace 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.