Ventum Cap Mkts Has Weak Outlook for CVE:FLT FY2024 Earnings

Drone Delivery Canada Corp. (CVE:FLT) – Analysts at Ventum Cap Mkts lowered their FY2024 earnings per share estimates for shares of Drone Delivery Canada in a research report issued to clients and investors on Monday, February 3rd. Ventum Cap Mkts analyst R. Goff now forecasts that the company will post earnings per share of ($0.07) for the year, down from their previous estimate of ($0.06). The consensus estimate for Drone Delivery Canada’s current full-year earnings is ($0.01) per share. Ventum Cap Mkts also issued estimates for Drone Delivery Canada’s FY2025 earnings at $0.00 EPS.

Drone Delivery Canada Stock Down 5.3 %

CVE:FLT opened at C$0.18 on Thursday. The stock has a market cap of C$80.82 million, a price-to-earnings ratio of -4.50 and a beta of 0.94. The company has a current ratio of 0.59, a quick ratio of 9.02 and a debt-to-equity ratio of 6.90. The stock has a 50-day moving average price of C$0.16 and a two-hundred day moving average price of C$0.17. Drone Delivery Canada has a 1 year low of C$0.10 and a 1 year high of C$0.38.

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.