Volatus Aerospace Inc. (FLT.TO) - What Are Brokerages Saying About This Stock?

Key Points

• Analyst sentiment is positive: All six analysts covering Volatus Aerospace rate it Buy or Strong Buy, with an average 12-month price target of C$0.94.
• Recent brokerages raised or set targets between C$0.95 and C$1.00, including Ventum Capital, Desjardins and ATB Cormark.
• The stock faces significant financial pressure: Shares recently traded at C$0.49, while the company reported a quarterly loss of C$0.01 per share, a negative net margin of 27.14% and debt-to-equity of 566.20%.

Shares of Volatus Aerospace Inc. (TSE:FLT - Get Free Report) have been given an average rating of "Buy" by the six analysts that are presently covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is C$0.94.

A number of research analysts have recently issued reports on the stock. Ventum Capital raised 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 research report on Thursday, October 15th. Desjardins lifted their price target on shares of Volatus Aerospace from C$0.90 to C$0.95 and gave the company a "buy" rating in a report on Thursday, October 15th. Finally, ATB Cormark Capital Markets set a C$1.00 price objective on shares of Volatus Aerospace and gave the stock a "speculative buy" rating in a research note on Wednesday.

Volatus Aerospace Stock Down 3.9%

Shares of FLT traded down C$0.02 during midday trading 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's 50 day moving average price is C$0.54 and its 200 day moving average price is C$0.63. The stock has a market cap of C$357.59 million, a price-to-earnings ratio of -12.25 and a beta of 2.67. Volatus Aerospace has a 52 week low of C$0.45 and a 52 week high of C$0.89. The company has a quick ratio of 9.02, a current ratio of 0.71 and a debt-to-equity ratio of 566.20.

Volatus Aerospace (TSE:FLT - Get Free Report) last released its earnings results on Thursday, August 13th. The aerospace company reported C($0.01) EPS for the quarter. Volatus Aerospace had a negative return on equity of 115.14% and a negative net margin of 27.14%. The firm had revenue of C$8.42 million for the quarter. On average, equities research analysts predict that Volatus Aerospace will post -0.01 EPS 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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