CVE:FLT FY2024 EPS Forecast Increased by Ventum Cap Mkts

Drone Delivery Canada Corp. (CVE:FLT) – Equities researchers at Ventum Cap Mkts upped their FY2024 earnings per share estimates for Drone Delivery Canada in a report released on Monday, December 2nd. Ventum Cap Mkts analyst R. Goff now forecasts that the company will post earnings of ($0.06) per share for the year, up from their previous estimate of ($0.07). Ventum Cap Mkts currently 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 Stock Performance

FLT opened at C$0.15 on Wednesday. Drone Delivery Canada has a 1-year low of C$0.10 and a 1-year high of C$0.40. The business has a 50 day moving average price of C$0.16 and a two-hundred day moving average price of C$0.18. The company has a market capitalization of C$67.35 million, a price-to-earnings ratio of -3.75 and a beta of 0.94. The company has a debt-to-equity ratio of 6.90, a current ratio of 0.59 and a quick ratio of 9.02.

About Drone Delivery Canada

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.