ATB Cormark Capital Markets Reiterates “C$1.00” Price Target for Volatus Aerospace (TSE:FLT)

ATB Cormark Capital Markets set a C$1.00 price objective on Volatus Aerospace (TSE:FLT) in a report issued on Wednesday morning,BayStreet reports. The firm currently has a speculative buy rating on the aerospace company’s stock.

FLT has been the subject of several other reports. Desjardins lifted their price objective on shares of Volatus Aerospace from C$0.90 to C$0.95 and gave the stock a “buy” rating in a research note on Thursday, October 15th. Ventum Capital upped their target price on Volatus Aerospace from C$0.95 to C$1.00 and gave the company a “buy” rating in a research report on Thursday, October 15th. Two 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, Volatus Aerospace currently has an average rating of “Buy” and a consensus price target of C$0.94.

Volatus Aerospace Stock Performance

Shares of Volatus Aerospace stock opened at C$0.48 on Wednesday. The firm has a market capitalization of C$350.29 million, a P/E ratio of -12.00 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. The company has a 50 day moving average price of C$0.54 and a 200 day moving average price of C$0.63.

Volatus Aerospace (TSE:FLT) last issued its quarterly earnings results on Thursday, August 13th. The aerospace company reported C($0.01) earnings per share (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$8.42 million for the quarter. Sell-side 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.

The company was formed through the merger of Drone Delivery Canada Corp.