Why Volato Group Inc (AMEX: SOAR) At $0.30 Is Worth Your Money?

Volato Group Inc (AMEX:SOAR) does about 11.94M shares in volume on a normal day but saw 6384694 shares change hands in the recent trading day. The company now has a market cap of 8.52M USD. Its current market price is $0.30, marking a decrease of -3.90% compared to the previous close of $0.31. The 52 week high reached by this stock is $35.00 whilst the lowest price level in 52 weeks is $0.17.

Volato Group Inc (SOAR) has a 20-day trading average at $0.2598 and the current price is -99.15% off the 52-week high compared with 74.21% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.3030 and its 200-day simple moving average is $1.3574. If we look at the stock’s price movements over the week, volatility stands at 37.79%, which decreases to 20.12% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 51.55 to suggest the stock is neutral.

The current price level is 14.68%, -1.69%, and -78.05% away from its SMA20, SMA50, and SMA200 respectively, with the SOAR price moving above the 50-day SMA on current market day. Volato Group Inc (SOAR) stock is up 47.11% over the week and 7.97% over the past month. Its price is -92.11% year-to-date and -97.16% over the past year.

The company’s next earnings report forecasts estimating quarterly EPS at 0 and 0 for whole year.

Outstanding shares total 28.04M with insiders holding 48.80% of the shares and institutional holders owning 12.04% of the company’s common stock. The company has a return on equity of -398.23%. The beta has a value of 1.01. Price to sales ratio is 0.06.