Is SOAR a good buy?
7/24/2024 08:40am
**Volato Group (SOAR) does not appear to be a good buy at this time.** Here's why:
1. **Financial Performance**: SOAR's recent financials show a negative trend. The company has a negative net fund flow of $-15585.39, which indicates a net outflow of funds, potentially reflecting investor skepticism.
2. **Stock Price and Analyst Sentiments**: The stock's closing price on July 23, 2024, was $0.59, and the average analyst price target is $0.50, suggesting a downward trend. Analysts have a neutral or bearish outlook, which could be a negative signal.
|Ticker|Name|Closing Price|Date|code|market_code|
|---|---|---|---|---|---|
|SOAR.A|Volato Group|0.5895|20240723|SOAR|170|
|code|stock code|stock name|last-price|last-change|Average Price Target QoQ growth value[20240722]|Consensus Rating[20240722]|Number of Strong Buy Rating[20240722]|Number of Buy Rating[20240722]|Number of Neutral Rating[20240722]|Number of Sell Rating[20240722]|Number of Strong Sell Rating[20240722]|market_code|
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|NOC|NOC.N|Northrop Grumman|442.3|0.9586852316822617|73.8095238095238|Neutral|2||4|||169|
|GPI|GPI.N|Group 1 Automotive|304.76|-1.1866934699435914|62.5|Buy|1|1||||169|
|BKNG|BKNG.O|Booking Holdings|3919.2|0.25067785337902815|47.59356725146199|Strong Buy|7|7|3|||185|
|GPOR|GPOR.N|Gulfport Energy|158.8|-0.09436929852153336|21|Strong Buy|2|1|2|||169|
|LAD|LAD.N|Lithia Motors|252.49|-1.2283378320228402|14.095238095238074|Neutral|2|1|4|||169|
|MDGL|MDGL.O|Madrigal|279.53|-2.6265370815480615|12.285714285714278|Buy|2|2|2|||186|
|META|META.O|Meta|488.69|0.2646696758309439|11.367983367983356|Strong Buy|13|12|2|2||185|
|OFIX|OFIX.O|Orthofix Medical|16.29|1.6219588271989893|10|Strong Buy|1|||||185|
|ASND|ASND.O|Ascendis Pharma|134.76|-1.1443661971831003|8.589285714285722|Buy|2|3|1|||185|
|SPOT|SPOT.N|Spotify Technology|330.79|11.961414790996796|8.444444444444457|Strong Buy|9|6|4||1|169|
3. **Market Sentiment**: The sentiment is bearish, with a Fear & Greed Index at 39 (Fear), indicating that the market is fearful and potentially pessimistic about the stock's future performance.
4. **Long-Term Outlook**: The stock price forecast for the next 30 days is expected to be $0.493401, which is lower than the current price. This suggests that the stock may not appreciate in the short term.
5. **Company Fundamentals**: The company's fundamentals, such as P/E, P/B, and P/S ratios, are not available, which makes it difficult to assess the stock's value based on traditional metrics.
6. **Business Operations**: Volato Group operates in a competitive industry, and its business model relies on the private aviation sector, which can be sensitive to economic conditions and travel restrictions.
In conclusion, given the negative net fund flow, the bearish analyst sentiment, and the current stock price being higher than the average price target, SOAR does not appear to be a good buy at this time. Investors should exercise caution and consider these factors before making an investment decision.