Desjardins Analysts Give Volatus Aerospace (TSE:FLT) a C$0.90 Price Target

Desjardins set a C$0.90 target price on Volatus Aerospace (TSE:FLT) in a research note issued to investors on Wednesday,BayStreet reports. The firm currently has a buy rating on the aerospace company’s stock.

Volatus Aerospace Trading Down 6.5%

TSE FLT opened at C$0.58 on Wednesday. Volatus Aerospace has a 1 year low of C$0.45 and a 1 year high of C$0.89. 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 has a market capitalization of C$426.53 million, a PE ratio of -14.50 and a beta of 2.93. The company has a fifty day moving average of C$0.53 and a 200 day moving average of C$0.67.

Volatus Aerospace (TSE:FLT) last released its quarterly earnings data on Thursday, August 13th. The aerospace company reported C($0.01) earnings per share for the quarter. The company had revenue of C$8.42 million for the quarter. Volatus Aerospace had a negative net margin of 27.14% and a negative return on equity of 115.14%. Research analysts forecast that Volatus Aerospace will post -0.01 earnings per share 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.