Volato Group (NYSEAMERICAN:SOAR) Issues Quarterly Earnings Results

Volato Group (NYSEAMERICAN:SOAR) issued its quarterly earnings results on Thursday. The company reported $0.96 earnings per share (EPS) for the quarter, FiscalAI reports. The business had revenue of $27.84 million during the quarter.

Volato Group Trading Down 6.4%

Shares of SOAR stock traded down $0.02 during trading hours on Friday, hitting $0.32. 2,121,514 shares of the company were exchanged, compared to its average volume of 4,443,453. The firm has a fifty day moving average of $0.47 and a 200 day moving average of $1.20. Volato Group has a 1 year low of $0.28 and a 1 year high of $4.36.

Hedge Funds Weigh In On Volato Group

An institutional investor recently raised its position in Volato Group stock. Geode Capital Management LLC raised its stake in Volato Group, Inc. (NYSEAMERICAN:SOAR) by 336.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 47,870 shares of the company’s stock after purchasing an additional 36,905 shares during the quarter. Geode Capital Management LLC owned about 0.64% of Volato Group worth $31,000 at the end of the most recent quarter.

About Volato Group

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.