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

by · The Cerbat Gem

HC Wainwright reaffirmed their buy rating on shares of Draganfly (NASDAQ:DPRO – Free Report) in a research note published on Thursday,Benzinga reports. HC Wainwright currently has a $7.00 price objective on the stock.

Draganfly Stock Performance

Shares of DPRO stock opened at $2.22 on Thursday. Draganfly has a fifty-two week low of $1.55 and a fifty-two week high of $9.13. The stock’s 50-day moving average is $2.87 and its two-hundred day moving average is $3.11. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.94 and a quick ratio of 1.54. The firm has a market cap of $4.38 million, a P/E ratio of -0.55 and a beta of 2.57.

Draganfly (NASDAQ:DPRO – Get Free Report) last announced its quarterly 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). The firm had revenue of $1.15 million during the quarter, compared to the consensus estimate of $2.42 million. Draganfly had a negative net margin of 227.25% and a negative return on equity of 1,487.09%. Analysts predict that Draganfly will post -3.56 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Draganfly

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

About Draganfly

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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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