Volatus Aerospace Inc. (TSE:FLT) Stock Has Average Target Price of C$0.93 According to Analysts

Volatus Aerospace Inc. (TSE:FLT) has been assigned a consensus rating of “Buy” from the six brokerages that are presently covering the firm, MarketBeat.com reports. Four investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is C$0.93.

A number of equities analysts recently weighed in on FLT shares. Ventum Capital lifted their price target on Volatus Aerospace from C$0.95 to C$1.00 and gave the stock a “buy” rating in a research note on Thursday, October 15th. Desjardins reduced their price objective on shares of Volatus Aerospace from C$0.95 to C$0.90 and set a “buy” rating for the company in a research note on Thursday. Finally, 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 report on Wednesday, October 21st.

Volatus Aerospace Trading Down 3.6%

Shares of Volatus Aerospace stock traded down C$0.01 on Friday, reaching C$0.41. 630,519 shares of the company were exchanged, compared to its average volume of 1,608,969. The stock has a fifty day moving average price of C$0.53 and a 200-day moving average price of C$0.64. The firm has a market capitalization of C$297.83 million, a price-to-earnings ratio of -10.12 and a beta of 2.50. 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 has a fifty-two week low of C$0.41 and a fifty-two week high of C$0.89.

Volatus Aerospace (TSE:FLT) last announced its earnings results on Tuesday, November 10th. The aerospace company reported C($0.01) EPS for the quarter. Volatus Aerospace had a negative net margin of 27.14% and a negative return on equity of 115.14%. The company had revenue of C$10.51 million for the quarter. On average, analysts expect 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.