Volatus Aerospace (TSE:FLT – Get Free Report) received a C$0.90 target price from Desjardins in a report released on Wednesday, BayStreet reports. The firm presently has a “buy” rating on the aerospace company’s stock. Desjardins’ target price would suggest a potential upside of 45.16% from the stock’s previous close.
Volatus Aerospace Stock Performance
TSE FLT remained flat at C$0.62 on Wednesday. The company’s stock had a trading volume of 708,405 shares, compared to its average volume of 1,720,930. Volatus Aerospace has a 1-year low of C$0.45 and a 1-year high of C$0.89. The company has a market cap of C$455.94 million, a P/E ratio of -15.50 and a beta of 2.93. The stock’s 50 day simple moving average is C$0.52 and its two-hundred day simple moving average is C$0.67. 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 – Get Free Report) last announced its quarterly earnings results on Thursday, August 13th. The aerospace company reported C($0.01) EPS for the quarter. The firm had revenue of C$8.42 million for the quarter. Volatus Aerospace had a negative net margin of 27.14% and a negative return on equity of 115.14%. As a group, research analysts anticipate that Volatus Aerospace 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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