Volatus Aerospace (TSE:FLT) Stock Price Up 1.9% – Still a Buy?

Volatus Aerospace Inc. (TSE:FLT)’s share price traded up 1.9% during mid-day trading on Tuesday . The company traded as high as C$0.56 and last traded at C$0.55. 739,844 shares traded hands during trading, a decline of 62% from the average daily volume of 1,951,596 shares. The stock had previously closed at C$0.54.

Volatus Aerospace Price Performance

The company has a debt-to-equity ratio of 566.20, a current ratio of 0.71 and a quick ratio of 9.02. The company’s 50-day simple moving average is C$0.67 and its 200-day simple moving average is C$0.71. The stock has a market capitalization of C$401.38 million, a P/E ratio of -13.75 and a beta of 2.94.

Volatus Aerospace (TSE:FLT) last announced its quarterly earnings data on Tuesday, March 31st. The aerospace company reported C($0.01) EPS for the quarter. Volatus Aerospace had a negative net margin of 27.14% and a negative return on equity of 115.14%. The firm had revenue of C$7.30 million during the quarter. As a group, sell-side analysts expect that Volatus Aerospace Inc. will post -0.01 EPS for the current fiscal 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.