FY2025 EPS Estimates for Draganfly Reduced by HC Wainwright

Draganfly Inc. (NASDAQ:DPRO) – Equities research analysts at HC Wainwright reduced their FY2025 earnings estimates for Draganfly in a research note issued on Thursday, April 3rd. HC Wainwright analyst S. Buck now expects that the company will earn ($2.05) per share for the year, down from their previous estimate of ($0.50). HC Wainwright currently has a “Buy” rating and a $7.00 price target on the stock. The consensus estimate for Draganfly’s current full-year earnings is ($3.56) per share.

Draganfly Stock Performance

NASDAQ DPRO opened at $2.08 on Monday. The business’s 50-day moving average price is $2.81 and its 200 day moving average price is $3.11. The company has a current ratio of 1.94, a quick ratio of 1.54 and a debt-to-equity ratio of 0.07. Draganfly has a twelve month low of $1.55 and a twelve month high of $9.13. The company has a market capitalization of $4.10 million, a PE ratio of -0.51 and a beta of 2.35.

Draganfly (NASDAQ:DPRO) last issued its quarterly earnings results on Wednesday, March 26th. The company reported ($0.79) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.65) by ($0.14). The business had revenue of $1.15 million for the quarter, compared to analysts’ expectations of $2.42 million. Draganfly had a negative return on equity of 1,487.09% and a negative net margin of 227.25%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Integrated Advisors Network LLC grew its holdings 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 purchasing an additional 9,500 shares during the period. Virtu Financial LLC purchased a new stake in shares of Draganfly during the 4th quarter valued at $51,000. Finally, Kieckhefer Group LLC acquired a new stake in shares of Draganfly during the 4th quarter worth $467,000. 10.39% of the stock is currently owned by hedge funds and other 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.