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

Volatus Aerospace (TSE:FLT) has been assigned a C$1.00 target price by equities researchers at ATB Cormark Capital Markets in a report issued on Wednesday, BayStreet reports. The firm currently has a “speculative buy” rating on the aerospace company’s stock. ATB Cormark Capital Markets’ price target would indicate a potential upside of 100.00% from the company’s current price.

A number of other research firms also recently issued reports on FLT. Ventum Capital lifted 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. Desjardins upped their target price on Volatus Aerospace from C$0.90 to C$0.95 and gave the stock a “buy” rating in a report on Thursday, October 15th. Two equities research analysts have rated the stock with a Strong Buy rating and four have assigned a Buy rating to the company’s stock. Based on data from MarketBeat.com, Volatus Aerospace has a consensus rating of “Buy” and an average price target of C$0.94.

Volatus Aerospace Stock Down 2.0%

FLT stock traded down C$0.01 during midday trading on Wednesday, hitting C$0.50. The company’s stock had a trading volume of 855,432 shares, compared to its average volume of 1,661,422. The company’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 debt-to-equity ratio of 566.20, a current ratio of 0.71 and a quick ratio of 9.02. Volatus Aerospace has a twelve month low of C$0.45 and a twelve month high of C$0.89. The stock has a market capitalization of C$364.89 million, a P/E ratio of -12.50 and a beta of 2.67.

Volatus Aerospace (TSE:FLT) last posted its quarterly earnings data 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 business had revenue of C$8.42 million for the quarter. As a group, 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.