Shares of Volatus Aerospace Inc. (TSE:FLT – Get Free Report) have been assigned a consensus recommendation of “Buy” from the six brokerages that are covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month target price among brokers that have covered the stock in the last year is C$0.94.
Several analysts recently weighed in on FLT shares. Desjardins lifted 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, October 15th. ATB Cormark Capital Markets set a C$1.00 target price on shares of Volatus Aerospace and gave the stock a “speculative buy” rating in a research report on Wednesday. Finally, Ventum Capital raised their price target on shares of Volatus Aerospace from C$0.95 to C$1.00 and gave the company a “buy” rating in a research note on Thursday, October 15th.
View Our Latest Stock Analysis on FLT
Volatus Aerospace Stock Performance
TSE FLT traded down C$0.02 during trading hours on Wednesday, hitting C$0.49. The company had a trading volume of 1,234,945 shares, compared to its average volume of 1,663,206. 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 has a market cap of C$357.59 million, a P/E ratio of -12.25 and a beta of 2.67. Volatus Aerospace has a fifty-two week low of C$0.45 and a fifty-two week high of C$0.89. The business has a fifty day simple moving average of C$0.54 and a 200-day simple moving average of C$0.63.
Volatus Aerospace (TSE:FLT – Get Free Report) last announced its quarterly earnings results on Thursday, August 13th. The aerospace company reported C($0.01) earnings per share (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%. Equities analysts predict that Volatus Aerospace will post -0.01 EPS 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.
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