Bullish thesis on SOAR (Volato Group) citing an upcoming merger, paused share offering, chart gaps, and cash runway.
Unpriced research observations (excluded from Calls and Returns):
SOAR — LONG The author argues SOAR has bottomed and is set up for a move higher because management paused its share offering program, signaling they want the stock back above $1. An upcoming merger and multiple unfilled daily chart gaps provide catalysts; the first gap fill alone would imply a 55% move. The company has roughly 20 months of cash left based on ~$0.81M quarterly burn and ~$5.4M cash, and frequent news flow improves the odds. resolved_asset_type_mismatch
$SOAR has an upcoming merger and just recently paused their offering program so it looks like management really wants this back over $1. Multiple gaps to be filled on the daily chart and just developed nice support around .60. The first gap fill alone would cause a 55% move..