Analysts Issue Forecasts for CVE:FLT Q1 Earnings

Drone Delivery Canada Corp. (CVE:FLT) – Equities research analysts at Ventum Cap Mkts issued their Q1 2025 earnings per share estimates for Drone Delivery Canada in a report issued on Wednesday, March 26th. Ventum Cap Mkts analyst R. Goff anticipates that the company will post earnings of ($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 cut their price target on shares of Drone Delivery Canada from C$38.00 to C$32.00 and set a “buy” rating for the company in a report on Wednesday.

Drone Delivery Canada Stock Down 2.7 %

Drone Delivery Canada stock opened at C$0.18 on Thursday. Drone Delivery Canada has a twelve month low of C$0.10 and a twelve month high of C$0.38. The company has a current ratio of 0.46, a quick ratio of 9.02 and a debt-to-equity ratio of 67.19. The stock has a 50 day moving average of C$0.18 and a two-hundred day moving average of C$0.17. The stock has a market capitalization of C$82.54 million, a price-to-earnings ratio of -3.65 and a beta of 0.94.

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.