Ventum Cap Mkts Forecasts CVE:FLT FY2025 Earnings

Drone Delivery Canada Corp. (CVE:FLT) – Equities research analysts at Ventum Cap Mkts issued their FY2025 earnings estimates for shares of Drone Delivery Canada in a note issued to investors on Wednesday, March 26th. Ventum Cap Mkts analyst R. Goff expects that the company will earn ($0.01) per share for the year. 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 FY2026 earnings at $0.00 EPS.

Separately, Ventum Financial cut their target price on Drone Delivery Canada from C$38.00 to C$32.00 and set a “buy” rating on the stock in a research note on Wednesday.

Drone Delivery Canada Stock Down 2.8 %

FLT opened at C$0.18 on Friday. Drone Delivery Canada has a fifty-two week low of C$0.10 and a fifty-two week high of C$0.38. The company has a debt-to-equity ratio of 67.19, a current ratio of 0.46 and a quick ratio of 9.02. The company’s 50-day moving average is C$0.18 and its 200 day moving average is C$0.17. The firm has a market capitalization of C$80.24 million, a P/E ratio of -3.55 and a beta of 0.94.

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.