CVE:FLT FY2024 EPS Forecast Increased by Ventum Cap Mkts

Drone Delivery Canada Corp. (CVE:FLT) – Equities research analysts at Ventum Cap Mkts increased their FY2024 earnings estimates for Drone Delivery Canada in a research report issued to clients and investors on Monday, December 2nd. Ventum Cap Mkts analyst R. Goff now expects that the company will earn ($0.06) per share for the year, up from their prior forecast of ($0.07). Ventum Cap Mkts has a “Strong-Buy” rating on the stock. The consensus estimate for Drone Delivery Canada’s current full-year earnings is ($0.01) per share.

Drone Delivery Canada Price Performance

CVE FLT opened at C$0.15 on Wednesday. The company has a debt-to-equity ratio of 6.90, a quick ratio of 9.02 and a current ratio of 0.59. The firm has a 50-day simple moving average of C$0.16 and a 200 day simple moving average of C$0.18. Drone Delivery Canada has a twelve month low of C$0.10 and a twelve month high of C$0.40. The stock has a market cap of C$67.35 million, a PE ratio of -3.75 and a beta of 0.94.

Drone Delivery Canada Company Profile

Drone Delivery Canada Corp. designs, develops, and implements a commercial drone-based logistics platform in Canada and internationally. The company's logistics infrastructure solution is an integrated turnkey logistics platform, which include industrial-grade drones, automated DroneSpot depots, automated battery management systems, a detect and avoid radar system, and proprietary FLYTE software to integrate various components into a solution.