Volato Group Inc (AMEX: SOAR) Trading under Its 20 Day MA ($0.2860), Why Showing An Interesting Price Pattern?

Volato Group Inc (AMEX:SOAR) does about 16.86M shares in volume on a normal day but saw 2148458 shares change hands in the recent trading day. The company now has a market cap of 7.87M USD. Its current market price is $0.27, marking a decrease of -0.52% compared to the previous close of $0.27. The 52 week high reached by this stock is $5.59 whilst the lowest price level in 52 weeks is $0.17.

Volato Group Inc (SOAR) has a 20-day trading average at $0.2860 and the current price is -95.25% off the 52-week high compared with 55.32% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.2772 and its 200-day simple moving average is $1.1230. If we look at the stock’s price movements over the week, volatility stands at 10.36%, which increases to 22.82% 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 48.31 to suggest the stock is neutral.

The current price level is -7.14%, -4.17%, and -76.35% 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 1.68% over the week and 22.34% over the past month. Its price is -92.96% year-to-date and -94.88% over the past year.

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

The company has a return on equity of -398.23%. The beta has a value of 0.93. Price to sales ratio is 0.06.