Drone Delivery Canada (FLT) Stock Price, News & Analysis

Company Overview

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. It serves governments; commercial and industrial applications, such as emergency services, medical, last-mile delivery, mining, oil and gas, agriculture, parcel delivery, postal mail, and military/security; and indigenous and non-indigenous remote communities. The company was incorporated in 2011 and is headquartered in Vaughan, Canada.

Key Stats

• Today's Range: C$0.54 to C$0.60
• 50-Day Range: C$0.14 to C$0.88
• 52-Week Range: C$0.11 to C$0.97
• Volume: 4.08 million shs
• Average Volume: 1.63 million shs
• Market Capitalization: C$265.95 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: C$32.00
• Consensus Rating: Strong Buy

Drone Delivery Canada Stock Analysis - MarketRank™

Drone Delivery Canada scored higher than 42% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.8 / 5
• Analyst Rating: Strong Buy

Consensus Rating

Drone Delivery Canada has received a consensus rating of Strong Buy. The company's average rating score is 3.50, and is based on 1 buy rating, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Drone Delivery Canada has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 0.0 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Drone Delivery Canada is -11.76, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Drone Delivery Canada is -11.76, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

Drone Delivery Canada has a P/B Ratio of 4.89. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for FLT.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Drone Delivery Canada does not currently pay a dividend.

Dividend Growth

Drone Delivery Canada does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Short Interest

There is no current short interest data available for FLT.

News and Social Media

• Score: 2.3 / 5
• News Sentiment: N/A

News Sentiment

Drone Delivery Canada has a news sentiment score of 0.13. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.94 average news sentiment score of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 1 news article for Drone Delivery Canada this week, compared to 1 article on an average week.

Search Interest

9 people have searched for FLT on MarketBeat in the last 30 days. This is an increase of 80% compared to the previous 30 days.

MarketBeat Follows

12 people have added Drone Delivery Canada to their MarketBeat watchlist in the last 30 days. This is an increase of 500% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Drone Delivery Canada insiders have not sold or bought any company stock.

Percentage Held by Insiders

30.84% of the stock of Drone Delivery Canada is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

Only 2.49% of the stock of Drone Delivery Canada is held by institutions.

FLT Stock Analysis - Frequently Asked Questions

How have FLT shares performed this year?

Drone Delivery Canada's stock was trading at C$0.15 at the beginning of the year. Since then, FLT shares have increased by 300.0% and is now trading at C$0.58.

How do I buy shares of Drone Delivery Canada?

Shares of FLT stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.

What other stocks do shareholders of Drone Delivery Canada own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Drone Delivery Canada investors own include Enbridge (ENB), Meta Platforms (META), Shopify (SHOP), Air Canada (AC), NVIDIA (NVDA), Toronto-Dominion Bank (TD) and Arista Networks (ANET).

Industry, Sector and Symbol

• Stock Exchange: CVE
• Sector: Computer and Technology
• Industry: Computer Hardware
• Sub-Industry: N/A
• Current Symbol: CVE:FLT
• CIK: N/A
• Web: www.dronedeliverycanada.com
• Phone: 18008779019
• Fax: N/A
• Employees: 8,400
• Year Founded: N/A

Price Target and Rating

• Average Price Target for Drone Delivery Canada: C$32.00
• High Price Target: C$32.00
• Low Price Target: C$32.00
• Potential Upside/Downside: +5,417.2%
• Consensus Rating: Strong Buy
• Rating Score (0-4): 3.50
• Research Coverage: 2 Analysts

Profitability

• EPS (Trailing Twelve Months): C($0.05)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: -C$21.98 million
• Net Margins: -84.79%
• Pretax Margin: N/A
• Return on Equity: -104.46%
• Return on Assets: -19.73%

Debt

• Debt-to-Equity Ratio: 67.19
• Current Ratio: 0.46
• Quick Ratio: 9.02

Sales & Book Value

• Annual Sales: C$25.92 million
• Price / Sales: 10.26
• Cash Flow: C$0.16 per share
• Price / Cash Flow: 3.52
• Book Value: C$0.12 per share
• Price / Book: 4.89

Miscellaneous

• Outstanding Shares: 458,535,000
• Free Float: N/A
• Market Cap: C$265.95 million
• Optionable: Not Optionable
• Beta: 0.94