Volato Group Inc (AMEX: SOAR)’s stock price has gone rise by 13.43 in comparison to its previous close of 0.20, however, the company has experienced a -7.00% decrease in its stock price over the last five trading days. businesswire.com reported 2024-11-18 that ATLANTA–(BUSINESS WIRE)–Volato Group, Inc. (NYSE American: SOAR) (“Volato” or the “Company”), today announced results for the third quarter ended September 30, 2024, reflecting early progress in a recently launched turnaround strategy aimed at building a stronger foundation and positioning the Company for sustainable growth. Third Quarter 2024 Financial Highlights Total revenue was $40.3 million Aircraft sales revenue was $38.2 million Managed services revenue was $1.8 million Software subscr.
Is It Worth Investing in Volato Group Inc (AMEX: SOAR) Right Now?
Moreover, the 36-month beta value for SOAR is 0.85.
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The public float for SOAR is 15.47M and currently, short sellers hold a 0.95% of that float. On November 18, 2024, SOAR’s average trading volume was 1.01M shares.
SOAR’s Market Performance
SOAR stock saw a decrease of -7.00% in the past week, with a monthly decline of -27.99% and a quarterly a decrease of -36.46%. The volatility ratio for the week is 17.91%, and the volatility levels for the last 30 days are 13.53% for Volato Group Inc (SOAR). The simple moving average for the last 20 days is -6.72% for SOAR’s stock, with a simple moving average of -83.56% for the last 200 days.
SOAR Trading at -27.19% 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 -99.34% of loss for the given period.
Volatility was left at 13.53%, however, over the last 30 days, the volatility rate increased by 17.91%, as shares sank -25.77% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -49.72% lower at present.
During the last 5 trading sessions, SOAR fell by -10.45%, which changed the moving average for the period of 200-days by -90.21% in comparison to the 20-day moving average, which settled at $0.2458. In addition, Volato Group Inc saw -93.92% 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 1.69 points at debt to capital in total, while cash flow to debt ratio is standing at -1.01. The debt to equity ratio resting at -2.45. The interest coverage ratio of the stock is -5.39.
Currently, EBITDA for the company is -48.97 million with net debt to EBITDA at -0.41. When we switch over and look at the enterprise to sales, we see a ratio of 0.39. 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
To wrap up, the performance of Volato Group Inc (SOAR) has been bad in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. 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.
