Draganfly Inc. (NASDAQ:DPRO – Get Free Report)’s share price traded down 5.9% on Friday . The stock traded as low as $2.21 and last traded at $2.23. 52,424 shares were traded during trading, a decline of 51% from the average session volume of 106,115 shares. The stock had previously closed at $2.37.
Wall Street Analysts Forecast Growth
A number of equities research analysts have issued reports on the stock. Maxim Group assumed coverage on shares of Draganfly in a research report on Wednesday, October 2nd. They issued a “buy” rating and a $7.00 price objective for the company. HC Wainwright increased their price target on Draganfly from $0.50 to $7.00 and gave the company a “buy” rating in a research report on Friday, September 6th.
View Our Latest Analysis on DPRO
Draganfly Stock Down 6.8 %
Draganfly (NASDAQ:DPRO – Get Free Report) last issued its earnings results on Tuesday, August 13th. The company reported ($0.04) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.01. The firm had revenue of $1.27 million for the quarter, compared to analyst estimates of $2.07 million. Draganfly had a negative return on equity of 1,845.76% and a negative net margin of 303.16%. Equities analysts forecast that Draganfly Inc. will post -5.03 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Draganfly
A number of large investors have recently made changes to their positions in the stock. Ground Swell Capital LLC purchased a new stake in Draganfly during the 3rd quarter worth about $28,000. Integrated Advisors Network LLC bought a new stake in shares of Draganfly during the third quarter valued at about $52,000. Finally, Armistice Capital LLC purchased a new stake in shares of Draganfly in the second quarter worth about $1,515,000. 10.39% of the stock is 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 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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