Volatus Aerospace (TSE:FLT) Stock Gets Price Target Cut from Desjardins

Volatus Aerospace (TSE:FLT) had its target price decreased by Desjardins from C$0.95 to C$0.90 in a research note issued to investors on Thursday,BayStreet reports. Desjardins currently has a buy rating on the aerospace company’s stock.

A number of other equities research analysts also recently weighed in on the company. Ventum Capital upped their target price on 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. ATB Cormark Capital Markets set a C$1.00 price target on Volatus Aerospace and gave the company a “speculative buy” rating in a research report on Wednesday, October 21st. Two research 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, the company has an average rating of “Buy” and an average target price of C$0.93.

Volatus Aerospace Price Performance

Shares of TSE:FLT traded down C$0.01 during trading on Thursday, reaching C$0.41. The company had a trading volume of 630,519 shares, compared to its average volume of 1,608,969. The firm’s fifty day moving average is C$0.53 and its 200 day moving average is C$0.64. The firm has a market capitalization of C$297.83 million, a PE ratio of -10.12 and a beta of 2.50. Volatus Aerospace has a twelve month low of C$0.41 and a twelve month high of C$0.89. The company has a debt-to-equity ratio of 566.20, a quick ratio of 9.02 and a current ratio of 0.71.

Volatus Aerospace (TSE:FLT) last posted its quarterly earnings data on Tuesday, November 10th. 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$10.51 million during the quarter. On average, equities analysts forecast 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.