FY2024 EPS Estimates for CVE:FLT Lowered by Ventum Cap Mkts

Drone Delivery Canada Corp. (CVE:FLT - Free Report) - Research analysts at Ventum Cap Mkts cut their FY2024 earnings estimates for Drone Delivery Canada in a note issued to investors on Monday, February 3rd. Ventum Cap Mkts analyst R. Goff now expects 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 Price Performance

Shares of CVE FLT traded down C$0.01 during mid-day trading on Thursday, hitting C$0.18. 160,176 shares of the company's stock traded hands, compared to its average volume of 613,823. The company has a market capitalization of C$80.82 million, a P/E ratio of -4.50 and a beta of 0.94. Drone Delivery Canada has a 1 year low of C$0.10 and a 1 year high of C$0.38. The company has a debt-to-equity ratio of 6.90, a current ratio of 0.59 and a quick ratio of 9.02. The company's 50-day moving average is C$0.16 and its two-hundred day moving average is C$0.17.

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.