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An update from Drone Delivery Canada ( (TSE:FLT) ) is now available.
Volatus Aerospace has secured a multi-year agreement with a major North American power utility to provide drone-based inspection, mapping, and data services for 100,000 miles of transmission and distribution lines. This contract positions Volatus to expand its presence in the utility inspection market, potentially generating CAD $15 million in revenue and reflecting the growing role of drones in utility asset management.
The most recent analyst rating on (TSE:FLT) stock is a Hold with a C$0.50 price target. To see the full list of analyst forecasts on Drone Delivery Canada stock, see the TSE:FLT Stock Forecast page.
Spark’s Take on TSE:FLT Stock
According to Spark, TipRanks’ AI Analyst, TSE:FLT is a Neutral.
The overall score reflects the company’s mixed financial performance, with strengths in technical analysis and positive developments from the earnings call. However, profitability challenges and valuation concerns weigh on the score.
To see Spark’s full report on TSE:FLT stock, click here.
More about Drone Delivery Canada
Volatus Aerospace is a leader in innovative global aerial solutions for intelligence and cargo. The company leverages both piloted and remotely piloted aircraft systems to provide meaningful aerial solutions across various industries, focusing on enhancing operational efficiency, safety, and sustainability.
Average Trading Volume: 3,867,551
Technical Sentiment Signal: Buy
Current Market Cap: C$359M
For an in-depth examination of FLT stock, go to TipRanks’ Overview page.