The stock of Volato Group Inc (AMEX: SOAR) has increased by 2.49 when compared to last closing price of 0.24. Despite this, the company has experienced a 5.42% gain in its stock price over the last five trading sessions. businesswire.com reported 2024-12-02 that ATLANTA–(BUSINESS WIRE)–Volato Group, Inc. (NYSE American: SOAR), a leader in private aviation innovation, announces a new patent-pending technology that advances how aircraft generate revenue by repurposing underutilized aircraft resources for cryptocurrency mining. First filed in 2023, this innovation has already benefited from significant Bitcoin price appreciation, reinforcing its potential to turn aviation’s untapped resources into valuable digital assets. By default, the system operates.
Is It Worth Investing in Volato Group Inc (AMEX: SOAR) Right Now?
The 36-month beta value for SOAR is at 0.94.
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The public float for SOAR is 14.90M, and currently, shorts hold a 2.29% of that float. The average trading volume for SOAR on December 24, 2024 was 17.13M shares.
SOAR’s Market Performance
SOAR’s stock has seen a 5.42% increase for the week, with a -18.36% drop in the past month and a -13.14% fall in the past quarter. The volatility ratio for the week is 11.84%, and the volatility levels for the past 30 days are at 16.57% for Volato Group Inc The simple moving average for the last 20 days is -7.90% for SOAR stock, with a simple moving average of -75.25% for the last 200 days.
SOAR Trading at -9.20% 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 -94.60% of loss for the given period.
Volatility was left at 16.57%, however, over the last 30 days, the volatility rate increased by 11.84%, as shares sank -14.08% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -20.78% lower at present.
During the last 5 trading sessions, SOAR rose by +1.30%, which changed the moving average for the period of 200-days by -94.45% in comparison to the 20-day moving average, which settled at $0.2636. In addition, Volato Group Inc saw -93.56% 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 Hoop Capital, LLC, who proposed sale 459,005 shares at the price of $0.00 back on Dec 24 ’24. After this action, Hoop Capital, LLC now owns shares of Volato Group Inc, valued at $0 using the latest closing price.
Prachar Michael Patrick, the Chief Operating Officer of Volato Group Inc, purchase 1,235 shares at $0.80 during a trade that took place back on Jun 07 ’24, which means that Prachar Michael Patrick is holding 1,235 shares at $988 based on the most recent closing price.
Stock Fundamentals for SOAR
Current profitability levels for the company are sitting at:
- -0.43 for the present operating margin
- -0.07 for the gross margin
The net margin for Volato Group Inc stands at -0.66. The total capital return value is set at 3.32. Equity return is now at value -398.23, with -152.13 for asset returns.
Based on Volato Group Inc (SOAR), the company’s capital structure generated -0.0 points at debt to capital in total, while cash flow to debt ratio is standing at -1226.08. The debt to equity ratio resting at -0.0. The interest coverage ratio of the stock is -3.99.
Currently, EBITDA for the company is -48.97 million with net debt to EBITDA at 0.05. When we switch over and look at the enterprise to sales, we see a ratio of 0.02. The receivables turnover for the company is 1202.96for trailing twelve months and the total asset turnover is 2.96. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.66.
Conclusion
In conclusion, Volato Group Inc (SOAR) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
