Volato Group (NYSEAMERICAN:SOAR) Trading Up 1.7% – Should You Buy?

Volato Group, Inc. (NYSEAMERICAN:SOAR)’s share price rose 1.7% during trading on Friday . The company traded as high as $0.3048 and last traded at $0.3048. Approximately 1,148,650 shares traded hands during mid-day trading, a decline of 78% from the average daily volume of 5,167,222 shares. The stock had previously closed at $0.2998.

Volato Group Trading Up 1.7%

The company has a fifty day simple moving average of $0.43 and a 200-day simple moving average of $1.14.

Volato Group (NYSEAMERICAN:SOAR) last issued its quarterly earnings results on Thursday, March 12th. The company reported $0.96 EPS for the quarter. Volato Group had a negative return on equity of 16.55% and a net margin of 6.58%.The business had revenue of $27.84 million during the quarter.

Institutional Investors Weigh In On Volato Group

An institutional investor recently raised its position in Volato Group stock. Geode Capital Management LLC raised its position in shares of Volato Group, Inc. (NYSEAMERICAN:SOAR) by 336.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 47,870 shares of the company’s stock after purchasing an additional 36,905 shares during the quarter. Geode Capital Management LLC owned 0.64% of Volato Group worth $31,000 as of its most recent SEC filing.

Volato Group Company Profile

Volato Group, Inc operates as a private aviation company. It offers fractional ownership, aircraft management, jet cards, deposit, and charter programs. As of December 31, 2023, the company operated a fleet of 24 HondaJets and a managed fleet of 6 aircraft. Volato Group, Inc was founded in 2021 and is based in Chamblee, Georgia.