Volato Group (NYSEAMERICAN:SOAR) Stock Price Up 1.7% – Here’s What Happened

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

Volato Group Stock Up 1.7%

The business has a fifty day moving average of $0.43 and a 200 day moving average of $1.14.

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

Institutional Trading of Volato Group

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

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.