With 28.04M Outstanding Shares, Can Volato Group Inc (AMEX: SOAR) Deliver Big Short-Term Gains?

Volato Group Inc (AMEX:SOAR) currently has a daily average trading volume of 1.77M but it saw 11957152 shares traded in last market. With a market cap of 15.15M USD, the company’s current market price of $0.51 came rising about 83.21 while comparing to the previous closing price of $0.28. In past 52 weeks, the stock remained buoying in the range of price level as high as $35.00 and as low as $0.26. In the recent trading on the day, stock has struck highest price mark of $0.2802 while lowest mark touched by it was $0.544.

Taking a look at 20-day trading activity of Volato Group Inc (SOAR) gives us an average price of $0.4237, while its current price level is -98.53% below from 52-week high level whereas it is 101.02% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $0.4495 while that of 200 days or SMA-200 reads an average of $1.9895. A closer look into the stock’s movement over the week reveals that its volatility is standing at 34.15% during that period while stretching the period over a month that decreases to 18.33%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 57.32 which implies that the stock is in neutral territory.

Over the week, SOAR’s stock price is moving 39.78% up while it is 17.66% when we observe its performance for the past one month. Year-to-date it is -86.41% down and over the past year, the stock is showing a downside performance of -95.21%.

Currently, Volato Group Inc’s total number of outstanding shares is 28.04M. Company’s return on equity (ROE) at -351.10%. Stock’s beta reads 0.80. Stock has a price to sale or P/S ratio amounts to 0.15. Its return on asset (ROA) is -132.53% on average.