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

Draganfly (NASDAQ:DPRO)‘s stock had its “buy” rating reiterated by analysts at HC Wainwright in a note issued to investors on Thursday, July 17th, MarketBeat.com reports. They currently have a $6.00 target price on the stock, up from their previous target price of $3.50. HC Wainwright’s price objective would indicate a potential upside of 16.01% from the stock’s current price.

Separately, Wall Street Zen cut Draganfly from a “hold” rating to a “sell” rating in a research report on Thursday, May 22nd.

Draganfly Stock Up 12.7%

Shares of NASDAQ DPRO traded up $0.58 during midday trading on Thursday, hitting $5.17. 5,998,507 shares of the stock traded hands, compared to its average volume of 1,483,725. The company has a market cap of $28.07 million, a PE ratio of -1.71 and a beta of 2.37. Draganfly has a one year low of $1.55 and a one year high of $7.30. The business has a 50 day moving average price of $3.30 and a two-hundred day moving average price of $2.90. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.75 and a current ratio of 1.14.

Draganfly (NASDAQ:DPRO) last announced its quarterly earnings results on Thursday, May 8th. The company reported ($0.44) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.48) by $0.04. Draganfly had a negative return on equity of 831.19% and a negative net margin of 227.19%. The business had revenue of $1.08 million during the quarter, compared to the consensus estimate of $2.06 million. On average, equities analysts predict that Draganfly will post -3.56 EPS for the current year.

Hedge Funds Weigh In On Draganfly

Institutional investors and hedge funds have recently bought and sold shares of the stock. Virtu Financial LLC purchased a new stake in Draganfly in the 4th quarter worth approximately $51,000. Integrated Advisors Network LLC raised its stake in Draganfly by 46.3% during 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. Finally, Kieckhefer Group LLC raised its stake in Draganfly by 69.1% during the second quarter. Kieckhefer Group LLC now owns 200,657 shares of the company’s stock valued at $636,000 after buying an additional 82,000 shares during the last quarter. 10.39% of the stock is currently owned by institutional investors.

Draganfly Company Profile

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 quadcopters, fixed-wing aircraft, ground-based robots, handheld controllers, and flight training, as well as software used for tracking, live streaming, and data collection.