Draganfly (NASDAQ:DPRO) Trading Up 4.8% – What’s Next?

Draganfly Inc. (NASDAQ:DPROGet Free Report)’s share price was up 4.8% during trading on Tuesday . The stock traded as high as $3.29 and last traded at $3.25. Approximately 50,193 shares traded hands during trading, a decline of 78% from the average daily volume of 231,509 shares. The stock had previously closed at $3.10.

Analyst Ratings Changes

Separately, HC Wainwright increased their price target on Draganfly from $5.00 to $7.00 and gave the company a “buy” rating in a research note on Monday, December 23rd.

Check Out Our Latest Stock Report on DPRO

Draganfly Price Performance

The company has a market capitalization of $6.40 million, a price-to-earnings ratio of -0.80 and a beta of 2.53. The company has a 50-day moving average price of $3.82 and a 200-day moving average price of $3.25. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.54 and a current ratio of 1.94.

Hedge Funds Weigh In On Draganfly

Several institutional investors and hedge funds have recently made changes to their positions in DPRO. Kieckhefer Group LLC acquired a new stake in Draganfly during the 4th quarter worth $467,000. Integrated Advisors Network LLC bought a new stake in shares of Draganfly in the third quarter worth about $52,000. Finally, Ground Swell Capital LLC acquired a new stake in shares of Draganfly during the third quarter worth about $28,000. Institutional investors and hedge funds own 10.39% of the company’s stock.

Draganfly Company Profile

(Get Free Report)

Draganfly Inc develops, manufactures, and sells cutting-edge unmanned and remote data collection and analysis platforms and systems in the United States and Canada. The company offers quad-?copters, ???fixed wing ?aircrafts, ground based robots, handheld controllers, and flight training, as well as software ?used for tracking, live ???streaming, ?and data collection.

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