The stock has a 36-month beta value of 0.84.
The public float for SOAR is 14.26M, and at present, short sellers hold a 1.73% of that float. On June 18, 2024, the average trading volume of SOAR was 90.15K shares.
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SOAR) stock’s latest price update
The stock of Volato Group Inc (AMEX: SOAR) has decreased by -18.56 when compared to last closing price of 0.66. Despite this, the company has experienced a -25.35% fall in its stock price over the last five trading sessions. businesswire.com reported 2024-06-18 that ATLANTA–(BUSINESS WIRE)–Vaunt, a platform for connecting travelers to private flights, powered by Volato (NYSE American: SOAR), a leading private aviation company and the largest HondaJet operator in the United States, today announced that it has achieved $1 million of annual recurring revenue (ARR) from paid subscriptions. “We are pleased with the enthusiastic customer response to Vaunt, with nearly 45,000 registered users to date, helping us achieve the significant milestone of over $1 mill.
SOAR’s Market Performance
SOAR’s stock has fallen by -25.35% in the past week, with a monthly drop of -66.82% and a quarterly drop of -83.20%. The volatility ratio for the week is 10.72% while the volatility levels for the last 30 days are 11.71% for Volato Group Inc The simple moving average for the past 20 days is -48.45% for SOAR’s stock, with a -90.55% simple moving average for the past 200 days.
SOAR Trading at -67.21% from the 50-Day Moving Average
After a stumble in the market that brought SOAR to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -98.46% of loss for the given period.
Volatility was left at 11.71%, however, over the last 30 days, the volatility rate increased by 10.72%, as shares sank -67.51% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -82.29% lower at present.
During the last 5 trading sessions, SOAR fell by -26.44%, which changed the moving average for the period of 200-days by -95.01% in comparison to the 20-day moving average, which settled at $0.9877. In addition, Volato Group Inc saw -85.76% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at SOAR starting from Prachar Michael Patrick, who purchase 1,235 shares at the price of $0.80 back on Jun 07 ’24. After this action, Prachar Michael Patrick now owns 1,235 shares of Volato Group Inc, valued at $988 using the latest closing price.
Heinen Mark, the Chief Financial Officer of Volato Group Inc, purchase 8,500 shares at $0.80 during a trade that took place back on Jun 06 ’24, which means that Heinen Mark is holding 8,500 shares at $6,800 based on the most recent closing price.
Stock Fundamentals for SOAR
Current profitability levels for the company are sitting at:
- -0.62 for the present operating margin
- -0.17 for the gross margin
The net margin for Volato Group Inc stands at -0.84. The total capital return value is set at -3.64. Equity return is now at value -49.71, with -40.27 for asset returns.
Based on Volato Group Inc (SOAR), the company’s capital structure generated 0.95 points at debt to capital in total, while cash flow to debt ratio is standing at -1.06. The debt to equity ratio resting at 20.88. The interest coverage ratio of the stock is -5.29.
Currently, EBITDA for the company is -36.83 million with net debt to EBITDA at -0.46. When we switch over and look at the enterprise to sales, we see a ratio of 0.44. The receivables turnover for the company is 40.7for trailing twelve months and the total asset turnover is 1.46. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.77.
Conclusion
To sum up, Volato Group Inc (SOAR) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
