Volatus Aerospace (CVE:VOL – Free Report) had its price target reduced by Echelon Wealth Partners from C$0.90 to C$0.75 in a report published on Tuesday, BayStreet.CA reports. Echelon Wealth Partners currently has a speculative buy rating on the stock.
Volatus Aerospace Stock Performance
Shares of VOL opened at C$0.22 on Tuesday. The firm has a market cap of C$25.28 million and a price-to-earnings ratio of -3.14. The company has a fifty day moving average of C$0.25. Volatus Aerospace has a fifty-two week low of C$0.21 and a fifty-two week high of C$0.44.
Volatus Aerospace (CVE:VOL – Get Free Report) last posted its earnings results on Monday, August 28th. The company reported C($0.02) earnings per share for the quarter, meeting the consensus estimate of C($0.02). The business had revenue of C$8.69 million for the quarter, compared to analyst estimates of C$7.50 million. Volatus Aerospace had a negative net margin of 25.21% and a negative return on equity of 64.54%.
About Volatus Aerospace
Volatus Aerospace Corp. provides integrated drone solutions for commercial and defense markets in Canada, the United States, Latin America, and rest of Europe. The company offers drone services comprising of infrastructure inspection, mapping, survey, and imaging; public safety and defense equipment; and drone cargo and delivery solutions.
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