Drone Delivery Canada Corp. (CVE:FLT - Free Report) - Equities research analysts at Ventum Cap Mkts cut their FY2024 earnings per share estimates for shares of Drone Delivery Canada in a report released on Wednesday, November 6th. Ventum Cap Mkts analyst R. Goff now anticipates that the company will post earnings per share of ($0.07) for the year, down from their prior estimate of ($0.06). 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. Ventum Cap Mkts also issued estimates for Drone Delivery Canada's FY2025 earnings at ($0.02) EPS.
Drone Delivery Canada (CVE:FLT - Get Free Report) last announced its earnings results on Monday, August 26th. The company reported C($0.01) EPS for the quarter. Drone Delivery Canada had a negative return on equity of 238.20% and a negative net margin of 28.94%. The company had revenue of C$0.04 million during the quarter.
Drone Delivery Canada Price Performance
CVE:FLT traded down C$0.00 on Monday, reaching C$0.13. 217,509 shares of the company's stock traded hands, compared to its average volume of 246,525. The company has a quick ratio of 9.02, a current ratio of 0.59 and a debt-to-equity ratio of 6.90. The stock has a 50-day simple moving average of C$0.18 and a 200-day simple moving average of C$0.19. The firm has a market cap of C$56.12 million, a PE ratio of -3.20 and a beta of 0.94. Drone Delivery Canada has a 12 month low of C$0.10 and a 12 month high of C$0.40.
About Drone Delivery Canada
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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.
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