Volatus Aerospace (TSE:FLT – Get Free Report) had its target price increased by analysts at Desjardins from C$0.90 to C$0.95 in a research report issued on Thursday, BayStreet reports. The firm currently has a “buy” rating on the aerospace company’s stock. Desjardins’ price objective would suggest a potential upside of 86.27% from the stock’s current price.
Volatus Aerospace Stock Up 4.1%
Shares of FLT stock traded up C$0.02 on Thursday, hitting C$0.51. The stock had a trading volume of 488,721 shares, compared to its average volume of 1,677,563. The firm has a market capitalization of C$375.05 million, a price-to-earnings ratio of -12.75 and a beta of 2.67. The stock’s 50 day moving average is C$0.55 and its 200-day moving average is C$0.64. The company has a debt-to-equity ratio of 566.20, a quick ratio of 9.02 and a current ratio of 0.71. Volatus Aerospace has a 52-week low of C$0.45 and a 52-week high of C$0.89.
Volatus Aerospace (TSE:FLT – Get Free Report) last released its quarterly earnings results on Thursday, August 13th. The aerospace company reported C($0.01) earnings per share for the quarter. Volatus Aerospace had a negative net margin of 27.14% and a negative return on equity of 115.14%. The firm had revenue of C$8.42 million for the quarter. As a group, research analysts expect that Volatus Aerospace will post -0.01 earnings per share for the current 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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