Volato Group Inc (AMEX: SOAR) is -93.30% lower on its value in year-to-date trading and has touched a low of $0.21 and a high of $35.00 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The SOAR stock was last observed hovering at around $0.24 in the last trading session, with the day’s gains setting it 0.01%.
Currently trading at $0.25, the stock is -7.30% and -26.52% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.9 million and changing 4.24% at the moment leaves the stock -82.76% off its SMA200. SOAR registered -97.65% loss for a year compared to 6-month loss of -85.94%. The firm has a 50-day simple moving average (SMA 50) of $0.34756 and a 200-day simple moving average (SMA200) of $1.47667.
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The stock witnessed a -20.91% gain in the last 1 month and extending the period to 3 months gives it a -49.40%, and is 5.24% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 12.11% over the week and 9.99% over the month.
Volato Group Inc (SOAR) has around 229 employees, a market worth around $7.47M and $101.68M in sales. Profit margin for the company is -88.79%. Distance from 52-week low is 19.57% and -99.28% from its 52-week high.
The shares outstanding are 28.04M, and float is at 15.47M with Short Float at 0.92%.
Volato Group Inc (SOAR) Insider Activity
The most recent transaction is an insider purchase by Prachar Michael Patrick, the company’s Chief Operating Officer. SEC filings show that Prachar Michael Patrick bought 1,235 shares of the company’s common stock on Jun 07 ’24 at a price of $0.80 per share for a total of $988.0. Following the purchase, the insider now owns 1235.0 shares.
Volato Group Inc disclosed in a document filed with the SEC on Jun 06 ’24 that Liotta Matthew (Chief Executive Officer) bought a total of 6,000 shares of the company’s common stock. The trade occurred on Jun 06 ’24 and was made at $0.81 per share for $4860.0. Following the transaction, the insider now directly holds 4.8 million shares of the SOAR stock.
Still, SEC filings show that on Jun 06 ’24, Heinen Mark (Chief Financial Officer) acquired 8,500 shares at an average price of $0.80 for $6800.0. The insider now directly holds 8,500 shares of Volato Group Inc (SOAR).
