Volato Group (NYSEAMERICAN:SOAR) Releases Quarterly Earnings Results

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

Volato Group Stock Down 9.4%

Shares of NYSEAMERICAN:SOAR traded down $0.01 during midday trading on Friday, hitting $0.14. The stock had a trading volume of 2,172,353 shares, compared to its average volume of 4,903,458. Volato Group has a 1 year low of $0.12 and a 1 year high of $4.36. The stock has a 50 day moving average price of $0.26 and a two-hundred day moving average price of $0.67.

Institutional Investors Weigh In On Volato Group

An institutional investor recently raised its position in Volato Group stock. Geode Capital Management LLC lifted 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 SEC. The firm owned 47,870 shares of the company’s stock after buying an additional 36,905 shares during the period. 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.