Volatus Aerospace (TSE:FLT – Get Free Report) issued its quarterly earnings data on Tuesday. The aerospace company reported C($0.01) earnings per share (EPS) for the quarter, FiscalAI reports. The company had revenue of C$10.51 million for the quarter. Volatus Aerospace had a negative return on equity of 115.14% and a negative net margin of 27.14%.
Volatus Aerospace Stock Up 3.5%
Volatus Aerospace stock traded up C$0.01 during mid-day trading on Thursday, hitting C$0.44. The company had a trading volume of 769,644 shares, compared to its average volume of 1,611,496. Volatus Aerospace has a 12 month low of C$0.41 and a 12 month high of C$0.89. The company has a market capitalization of C$323.57 million, a PE ratio of -11.00 and a beta of 2.50. The stock’s 50 day moving average price is C$0.53 and its two-hundred day moving average price is C$0.64. The company has a current ratio of 0.71, a quick ratio of 9.02 and a debt-to-equity ratio of 566.20.
Wall Street Analysts Forecast Growth
Several research analysts have commented on FLT shares. 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 report on Thursday, October 15th. ATB Cormark Capital Markets set a C$1.00 target price on Volatus Aerospace and gave the company a “speculative buy” rating in a report on Wednesday, October 21st. Finally, Desjardins boosted their price objective on 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. Two investment analysts have rated the stock with a Strong Buy rating and four have issued a Buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of C$0.94.
Read Our Latest Stock Analysis on FLT
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.
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