Draganfly’s (DPRO) Buy Rating Reaffirmed at HC Wainwright

Draganfly (NASDAQ:DPRO)‘s stock had its “buy” rating reaffirmed by analysts at HC Wainwright in a research report issued on Thursday,Benzinga reports. They presently have a $7.00 price objective on the stock. HC Wainwright’s price target suggests a potential upside of 228.64% from the stock’s previous close. HC Wainwright also issued estimates for Draganfly’s Q1 2025 earnings at ($0.48) EPS, Q2 2025 earnings at ($0.51) EPS, Q3 2025 earnings at ($0.56) EPS, Q4 2025 earnings at ($0.51) EPS and FY2026 earnings at ($0.38) EPS.

Draganfly Stock Down 4.1 %

NASDAQ:DPRO opened at $2.13 on Thursday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.54 and a current ratio of 1.94. The company has a market capitalization of $4.20 million, a price-to-earnings ratio of -0.53 and a beta of 2.57. Draganfly has a one year low of $1.55 and a one year high of $9.13. The stock has a 50-day simple moving average of $2.84 and a 200 day simple moving average of $3.11.

Draganfly (NASDAQ:DPRO) last issued its earnings results on Wednesday, March 26th. The company reported ($0.79) EPS for the quarter, missing the consensus estimate of ($0.65) by ($0.14). Draganfly had a negative return on equity of 1,487.09% and a negative net margin of 227.25%. The firm had revenue of $1.15 million during the quarter, compared to analyst estimates of $2.42 million. Sell-side analysts predict that Draganfly will post -3.56 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Kieckhefer Group LLC bought a new stake in shares of Draganfly during the 4th quarter valued at about $467,000. Virtu Financial LLC bought a new stake in shares of Draganfly in the 4th quarter worth approximately $51,000. Finally, Integrated Advisors Network LLC lifted its stake in Draganfly by 46.3% in the fourth quarter. Integrated Advisors Network LLC now owns 30,000 shares of the company’s stock valued at $120,000 after buying an additional 9,500 shares during the last quarter. 10.39% of the stock is currently owned by institutional investors.

About Draganfly

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.