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

Draganfly (NASDAQ:DPRO)‘s stock had its “buy” rating restated by research analysts at HC Wainwright in a research note issued to investors on Thursday, July 17th, Marketbeat reports. They currently have a $6.00 target price on the stock, up from their previous target price of $3.50. HC Wainwright’s target price would suggest a potential upside of 20.72% from the company’s previous close.

Separately, Wall Street Zen downgraded shares of Draganfly from a “hold” rating to a “sell” rating in a research note on Thursday, May 22nd.

Draganfly Price Performance

DPRO stock opened at $4.97 on Thursday. Draganfly has a 52 week low of $1.55 and a 52 week high of $7.30. The company has a quick ratio of 0.75, a current ratio of 1.14 and a debt-to-equity ratio of 0.16. The company has a fifty day simple moving average of $3.36 and a two-hundred day simple moving average of $2.91. The firm has a market capitalization of $26.99 million, a P/E ratio of -1.65 and a beta of 2.37.

Draganfly (NASDAQ:DPRO) last released its quarterly earnings data on Thursday, May 8th. The company reported ($0.44) EPS for the quarter, beating the consensus estimate of ($0.48) by $0.04. The business had revenue of $1.08 million during the quarter, compared to analyst estimates of $2.06 million. Draganfly had a negative net margin of 227.19% and a negative return on equity of 831.19%. Analysts anticipate that Draganfly will post -3.56 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in DPRO. Virtu Financial LLC purchased a new position in Draganfly during the 4th quarter valued at about $51,000. Integrated Advisors Network LLC increased its position in Draganfly by 46.3% during the 4th 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. Finally, Kieckhefer Group LLC increased its position in Draganfly by 69.1% during the 2nd quarter. Kieckhefer Group LLC now owns 200,657 shares of the company’s stock valued at $636,000 after purchasing an additional 82,000 shares during the period. Hedge funds and other institutional investors own 10.39% of the company’s stock.

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.