In yesterday’s Wall Street session, Draganfly Inc. (NASDAQ:DPRO) shares traded at $1.88, down -10.48% from the previous session.
2 analysts cover Draganfly Inc. (NASDAQ:DPRO), according to research data. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $5.00 and a low of $3.50, we find $4.25. Given the previous closing price of $2.10, this indicates a potential upside of 102.38 percent. DPRO stock price is now 21.78% away from the 50-day moving average and 80.84% away from the 200-day moving average. The market capitalization of the company currently stands at $84.94M.
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The stock has received a hold rating from 0 analysts and a buy rating from 2. Brokers who have rated the stock have averaged $4.25 as their price target over the next twelve months.
A total of 2.01% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in DPRO stock. A new stake in Draganfly Inc. shares was purchased by RAYMOND JAMES FINANCIAL SERVICES ADVISORS, INC. during the first quarter worth $21,000. TWO SIGMA SECURITIES, LLC invested $19,000 in shares of DPRO during the first quarter. In the first quarter, MONEY CONCEPTS CAPITAL CORP acquired a new stake in Draganfly Inc. valued at approximately $11,000. In total, there are 29 active investors with 2.88% ownership of the company’s stock.
On Thursday morning Draganfly Inc. (NASDAQ: DPRO) stock kicked off with the opening price of $2.1200. During the past 12 months, Draganfly Inc. has had a low of $0.50 and a high of $3.84. As of last week, the company has a debt-to-equity ratio of 0.02, a current ratio of 9.60, and a quick ratio of 8.00. The fifty day moving average price for DPRO is $1.5438 and a two-hundred day moving average price translates $1.0396 for the stock.
The latest earnings results from Draganfly Inc. (NASDAQ: DPRO) was released for Sep, 2022. The net profit margin was 23.10% and return on equity was 6.00% for DPRO. The company reported revenue of $1.44 million for the quarter, compared to $1.61 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -10.9 percent.
Draganfly Inc.(DPRO) Company Profile
Draganfly Inc. manufactures and sells commercial unmanned aerial vehicles worldwide. Its products include quadcopters, fixed wing aircrafts, ground based robots, and handheld controllers, as well as software used for tracking, live streaming, flight training, and data collection. The company also offers custom engineering and training, simulation consulting, and flight training services, as well as wireless video systems. It serves public safety, agriculture, industrial inspections, security, and mapping and surveying markets. The company was founded in 1998 and is headquartered in Saskatoon, Canada.
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