Research Analysts Offer Predictions for CVE:FLT Q1 Earnings

Drone Delivery Canada Corp. (CVE:FLT - Free Report) - Equities researchers at Ventum Cap Mkts issued their Q1 2025 EPS estimates for shares of Drone Delivery Canada in a research note issued on Wednesday, March 26th. Ventum Cap Mkts analyst R. Goff forecasts that the company will earn ($0.01) per share for the quarter. The consensus estimate for Drone Delivery Canada's current full-year earnings is ($0.01) per share.

Separately, Ventum Financial decreased their price target on shares of Drone Delivery Canada from C$38.00 to C$32.00 and set a "buy" rating on the stock in a research report on Wednesday, March 26th.

Drone Delivery Canada Price Performance

Shares of FLT traded down C$0.01 during mid-day trading on Thursday, hitting C$0.17. The company's stock had a trading volume of 176,264 shares, compared to its average volume of 415,509. Drone Delivery Canada has a fifty-two week low of C$0.10 and a fifty-two week high of C$0.38. The stock has a market capitalization of C$75.66 million, a price-to-earnings ratio of -3.35 and a beta of 0.94. The firm has a 50-day moving average price of C$0.18 and a 200 day moving average price of C$0.17. The company has a debt-to-equity ratio of 67.19, a current ratio of 0.46 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.