In yesterday’s Wall Street session, Volato Group Inc (AMEX:SOAR) shares traded at $0.47, up 122.70% from the previous session.
SOAR stock price is now 49.89% away from the 50-day moving average and -66.15% away from the 200-day moving average. The market capitalization of the company currently stands at $13.87M.
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In other news, Prachar Michael Patrick, Chief Operating Officer bought 1,235 shares of the company’s stock on Jun 07 ’24. The stock was bought for $988 at an average price of $0.80. Upon completion of the transaction, the Chief Operating Officer now directly owns 1,235 shares in the company, valued at $580.45. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 06 ’24, Chief Executive Officer Liotta Matthew bought 6,000 shares of the business’s stock. A total of $4,860 was incurred on buying the stock at an average price of $0.81. This leaves the insider owning 4,797,271 shares of the company worth $2.25 million. A total of 47.63% of the company’s stock is owned by insiders.
During the past 12 months, Volato Group Inc has had a low of $0.17 and a high of $35.00. The fifty day moving average price for SOAR is $0.31516 and a two-hundred day moving average price translates $1.397005 for the stock.
The latest earnings results from Volato Group Inc (AMEX: SOAR) was released for 2024-06-30. The net profit margin was -65.62% and return on equity was -398.23% for SOAR. The company reported revenue of $15.13 million for the quarter, compared to $13.02 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 16.26 percent.
