Drone Delivery Canada Stock Performance
| FLT Stock | CAD 0.13 0.01 8.33% |
The firm shows a Beta (market volatility) of -0.13, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Drone Delivery are expected to decrease at a much lower rate. During the bear market, Drone Delivery is likely to outperform the market. At this point, Drone Delivery Canada has a negative expected return of -0.28%. Please make sure to confirm Drone Delivery's maximum drawdown, as well as the relationship between the accumulation distribution and day typical price , to decide if Drone Delivery Canada performance from the past will be repeated at some point in the near future.
Risk-Adjusted Performance
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Over the last 90 days Drone Delivery Canada has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of weak performance in the last few months, the Stock's basic indicators remain fairly stable which may send shares a bit higher in December 2024. The latest fuss may also be a sign of long-term up-swing for the venture sophisticated investors. ...more
1 | Ventum Cap Mkts Has Weak Outlook for CVEFLT FY2024 Earnings - MarketBeat | 11/11/2024 |
| Begin Period Cash Flow | 3.7 M | |
| Free Cash Flow | -3.4 M |
Drone |
Drone Delivery Relative Risk vs. Return Landscape
If you would invest 17.00 in Drone Delivery Canada on August 29, 2024 and sell it today you would lose (4.00) from holding Drone Delivery Canada or give up 23.53% of portfolio value over 90 days. Drone Delivery Canada is currently producing negative expected returns and takes up 5.6201% volatility of returns over 90 trading days. Put another way, 50% of traded stocks are less volatile than Drone, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Drone Delivery Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Drone Delivery's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Drone Delivery Canada, and traders can use it to determine the average amount a Drone Delivery's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = -0.0499
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| Negative Returns | FLT |
Estimated Market Risk
| 5.62 actual daily | 50 50% of assets are less volatile |
Expected Return
| -0.28 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.05 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Drone Delivery is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Drone Delivery by adding Drone Delivery to a well-diversified portfolio.
Drone Delivery Fundamentals Growth
Drone Stock prices reflect investors' perceptions of the future prospects and financial health of Drone Delivery, and Drone Delivery fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Drone Stock performance.
| Return On Equity | -2.38 | ||||
| Return On Asset | -0.2 | ||||
| Profit Margin | (0.29) % | ||||
| Operating Margin | (0.27) % | ||||
| Current Valuation | 76.82 M | ||||
| Shares Outstanding | 468.74 M | ||||
| Price To Book | 56.86 X | ||||
| Price To Sales | 1.77 X | ||||
| Revenue | 34.87 M | ||||
| Gross Profit | (5.21 M) | ||||
| EBITDA | (5.19 M) | ||||
| Net Income | (9.46 M) | ||||
| Cash And Equivalents | 35.19 M | ||||
| Cash Per Share | 0.16 X | ||||
| Total Debt | 9.34 M | ||||
| Debt To Equity | 0.01 % | ||||
| Current Ratio | 30.98 X | ||||
| Book Value Per Share | (0.01) X | ||||
| Cash Flow From Operations | (1.65 M) | ||||
| Earnings Per Share | (0.04) X | ||||
| Market Capitalization | 57.42 M | ||||
| Total Asset | 10.33 M | ||||
| Retained Earnings | (99.45 M) | ||||
| Working Capital | 7.15 M | ||||
About Drone Delivery Performance
Evaluating Drone Delivery's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Drone Delivery has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Drone Delivery has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Days Of Inventory On Hand | 45.88 | 43.58 | |
| Return On Tangible Assets | (0.45) | (0.47) | |
| Return On Capital Employed | (0.74) | (0.78) | |
| Return On Assets | (0.35) | (0.37) | |
| Return On Equity | (2.86) | (3.00) |
Things to note about Drone Delivery Canada performance evaluation
Checking the ongoing alerts about Drone Delivery for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Drone Delivery Canada help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Drone Delivery generated a negative expected return over the last 90 days | |
| Drone Delivery has high historical volatility and very poor performance | |
| Drone Delivery has some characteristics of a very speculative penny stock | |
| Drone Delivery has a very high chance of going through financial distress in the upcoming years | |
| The company reported the revenue of 34.87 M. Net Loss for the year was (9.46 M) with loss before overhead, payroll, taxes, and interest of (5.21 M). | |
| Drone Delivery Canada has accumulated about 35.19 M in cash with (1.65 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.16, which can makes it an attractive takeover target, given it will continue generating positive cash flow. | |
| Roughly 30.0% of the company shares are held by company insiders | |
| Latest headline from news.google.com: Ventum Cap Mkts Has Weak Outlook for CVEFLT FY2024 Earnings - MarketBeat |
- Analyzing Drone Delivery's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Drone Delivery's stock is overvalued or undervalued compared to its peers.
- Examining Drone Delivery's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Drone Delivery's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Drone Delivery's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Drone Delivery's stock. These opinions can provide insight into Drone Delivery's potential for growth and whether the stock is currently undervalued or overvalued.
Additional Tools for Drone Stock Analysis
When running Drone Delivery's price analysis, check to measure Drone Delivery's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Drone Delivery is operating at the current time. Most of Drone Delivery's value examination focuses on studying past and present price action to predict the probability of Drone Delivery's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Drone Delivery's price. Additionally, you may evaluate how the addition of Drone Delivery to your portfolios can decrease your overall portfolio volatility.