Ventum Financial Issues Pessimistic Forecast for Drone Delivery Canada (CVE:FLT) Stock Price

Drone Delivery Canada (CVE:FLT) had its target price decreased by research analysts at Ventum Financial from C$38.00 to C$32.00 in a research note issued on Wednesday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock.

Drone Delivery Canada Stock Down 2.7 %

FLT stock opened at C$0.18 on Wednesday. The firm’s 50-day moving average is C$0.18 and its two-hundred day moving average is C$0.17. The company 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 has a 52 week low of C$0.10 and a 52 week 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.

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.