Volatus Aerospace (TSE:FLT) Sets New 1-Year Low – What’s Next?

Volatus Aerospace Inc. (TSE:FLT – Get Free Report) reached a new 52-week low during mid-day trading 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 traded. The stock had previously closed at C$0.47.

Wall Street Analyst Weigh In

A number of research firms have weighed in on FLT. Ventum Capital upped their price target on shares of Volatus Aerospace from C$0.95 to C$1.00 and gave the stock a “buy” rating in a report on Thursday, October 15th. Desjardins lifted their price objective on 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. Finally, ATB Cormark Capital Markets set a C$1.00 target price on shares of Volatus Aerospace and gave the company a “speculative buy” rating in a research report on Wednesday, October 21st. Two analysts have rated the stock with a Strong Buy rating and four have issued a Buy rating to the company’s stock. Based on data from MarketBeat.com, Volatus Aerospace presently has a consensus rating of “Buy” and an average target price of C$0.94.

Get Our Latest Analysis on FLT

Volatus Aerospace Stock Down 7.5%

The company has a market cap of C$316.22 million, a P/E ratio of -10.75 and a beta of 2.50. The company has a debt-to-equity ratio of 566.20, a current ratio of 0.71 and a quick ratio of 9.02. The stock has a fifty day moving average price of C$0.54 and a two-hundred day moving average price of C$0.64.

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 company had revenue of C$8.42 million for the quarter. Volatus Aerospace had a negative return on equity of 115.14% and a negative net margin of 27.14%. On average, research analysts expect that Volatus Aerospace Inc. will post -0.01 EPS for the current year.

Volatus Aerospace Company Profile

(Get Free Report)

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.

Further Reading

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