Volato Group (NYSEAMERICAN:SOAR) Posts Earnings Results

Volato Group (NYSEAMERICAN:SOAR) posted its earnings results on Thursday. The company reported $0.96 EPS for the quarter, FiscalAI reports. The business had revenue of $27.84 million for the quarter.

Volato Group Stock Down 5.7%

Shares of NYSEAMERICAN SOAR opened at $0.32 on Friday. Volato Group has a fifty-two week low of $0.28 and a fifty-two week high of $4.36. The firm’s 50-day simple moving average is $0.47 and its 200 day simple moving average is $1.19.

Institutional Trading of Volato Group

A hedge fund recently raised its stake in Volato Group stock. Geode Capital Management LLC grew its stake in Volato Group, Inc. (NYSEAMERICAN:SOAR) by 336.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. 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 approximately 0.64% of Volato Group worth $31,000 at the end of the most recent reporting period.

About Volato Group

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.