Volatus Aerospace (TSE:FLT) Given a C$1.00 Price Target by ATB Cormark Capital Markets Analysts

Volatus Aerospace (TSE:FLT) received a C$1.00 target price from ATB Cormark Capital Markets in a report released on Wednesday, BayStreet reports. The firm presently has a “speculative buy” rating on the aerospace company’s stock. ATB Cormark Capital Markets’ price target indicates a potential upside of 100.00% from the stock’s previous close.

FLT has been the topic of a number of other reports. Desjardins raised 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 report on Thursday, October 15th. Ventum Capital upped their target price on shares of 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. Two research analysts have rated the stock with a Strong Buy rating and four have assigned a Buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of C$0.94.

Volatus Aerospace Stock Down 2.0%

FLT traded down C$0.01 during trading on Wednesday, reaching C$0.50. The company had a trading volume of 855,432 shares, compared to its average volume of 1,661,422. The company has a debt-to-equity ratio of 566.20, a current ratio of 0.71 and a quick ratio of 9.02. Volatus Aerospace has a 12 month low of C$0.45 and a 12 month high of C$0.89. The business’s fifty day moving average price is C$0.54 and its 200 day moving average price is C$0.63. The company has a market cap of C$364.89 million, a P/E ratio of -12.50 and a beta of 2.67.

Volatus Aerospace (TSE:FLT) last released its quarterly earnings results on Thursday, August 13th. The aerospace company reported C($0.01) earnings per share 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 during the quarter. Equities analysts anticipate 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.