Volato Group (NYSEAMERICAN:SOAR) Stock Price Up 45.6% – What’s Next?

Shares of Volato Group, Inc. (NYSEAMERICAN:SOAR) traded up 45.6% during mid-day trading on Monday . The stock traded as high as $0.4750 and last traded at $0.2475. 622,972,519 shares traded hands during mid-day trading, an increase of 16,747% from the average session volume of 3,697,820 shares. The stock had previously closed at $0.17.

Volato Group Stock Up 45.6%

The firm has a fifty day moving average price of $0.22 and a 200-day moving average price of $0.55.

Volato Group (NYSEAMERICAN:SOAR) last released its earnings results on Thursday, May 14th. The company reported ($0.18) earnings per share (EPS) for the quarter. Volato Group had a net margin of 3.85% and a negative return on equity of 16.55%. The business had revenue of $1.00 million during the quarter.

Hedge Funds Weigh In On Volato Group

An institutional investor recently raised its position in Volato Group stock. Geode Capital Management LLC boosted its position in Volato Group, Inc. (NYSEAMERICAN:SOAR) by 336.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 47,870 shares of the company’s stock after purchasing an additional 36,905 shares during the period. Geode Capital Management LLC owned about 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.