The stock of Volato Group Inc (SOAR) has gone down by -24.75% for the week, with a 1.52% rise in the past month and a -26.60% drop in the past quarter. The volatility ratio for the week is 11.32%, and the volatility levels for the past 30 days are 11.86% for SOAR. The simple moving average for the past 20 days is -16.54% for SOAR’s stock, with a -83.64% simple moving average for the past 200 days.
Is It Worth Investing in Volato Group Inc (AMEX: SOAR) Right Now?
The 36-month beta value for SOAR is also noteworthy at 0.82.
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The public float for SOAR is 15.47M, and at present, short sellers hold a 6.30% of that float. The average trading volume of SOAR on September 20, 2024 was 1.80M shares.
SOAR) stock’s latest price update
Volato Group Inc (AMEX: SOAR)’s stock price has gone decline by -10.49 in comparison to its previous close of 0.41, however, the company has experienced a -24.75% decrease in its stock price over the last five trading days. businesswire.com reported 2024-09-09 that ATLANTA–(BUSINESS WIRE)–Volato Group, Inc (“Volato,” or the “Company”) (NYSE American: SOAR), today announced that the NYSE American LLC (the “NYSE American”) has accepted the Company’s plan of compliance for continued listing on the exchange. As previously reported, on June 18, 2024, the Company received a notice (the “notice”) from the NYSE American LLC (the “NYSE American”) advising the Company that it is not in compliance with the NYSE American continued listing standards set forth in Sec.
SOAR Trading at -22.59% 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 -98.95% of loss for the given period.
Volatility was left at 11.86%, however, over the last 30 days, the volatility rate increased by 11.32%, as shares sank -8.25% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -26.60% lower at present.
During the last 5 trading sessions, SOAR fell by -24.75%, which changed the moving average for the period of 200-days by -97.47% in comparison to the 20-day moving average, which settled at $0.4381. In addition, Volato Group Inc saw -90.28% 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.
Liotta Matthew, the Chief Executive Officer of Volato Group Inc, purchase 6,000 shares at $0.81 during a trade that took place back on Jun 06 ’24, which means that Liotta Matthew is holding 4,797,271 shares at $4,860 based on the most recent closing price.
Stock Fundamentals for SOAR
Current profitability levels for the company are sitting at:
- -0.64 for the present operating margin
- -0.16 for the gross margin
The net margin for Volato Group Inc stands at -0.89. The total capital return value is set at 4.7. Equity return is now at value -351.10, with -132.53 for asset returns.
Based on Volato Group Inc (SOAR), the company’s capital structure generated 1.66 points at debt to capital in total, while cash flow to debt ratio is standing at -0.98. The debt to equity ratio resting at -2.52. The interest coverage ratio of the stock is -5.39.
Currently, EBITDA for the company is -36.83 million with net debt to EBITDA at -0.47. When we switch over and look at the enterprise to sales, we see a ratio of 0.41. The receivables turnover for the company is 49.6for trailing twelve months and the total asset turnover is 1.56. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.77.
Conclusion
In summary, Volato Group Inc (SOAR) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing 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.
