Volato Group (NYSEAMERICAN:SOAR) Issues Quarterly Earnings Results

by · The Cerbat Gem

Volato Group (NYSEAMERICAN:SOAR – Get Free Report) posted its quarterly earnings results on Thursday. The company reported ($0.18) earnings per share (EPS) for the quarter, FiscalAI reports. Volato Group had a negative return on equity of 16.55% and a net margin of 6.58%.The firm had revenue of $1.00 million for the quarter.

Volato Group Trading Down 9.4%

SOAR traded down $0.01 on Friday, hitting $0.14. 2,172,353 shares of the company were exchanged, compared to its average volume of 4,903,458. The business’s fifty day moving average is $0.26 and its 200 day moving average is $0.67. Volato Group has a fifty-two week low of $0.12 and a fifty-two week high of $4.36.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Volato Group stock. Geode Capital Management LLC boosted its stake in shares of Volato Group, Inc. (NYSEAMERICAN:SOAR – Free Report) by 336.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 47,870 shares of the company’s stock after buying 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 filing with the Securities and Exchange Commission.

About Volato Group

(Get Free Report)

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.

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