Draganfly (NASDAQ:DPRO) Trading Up 18.7% – Still a Buy?

Draganfly Inc. (NASDAQ:DPRO)’s stock price shot up 18.7% during trading on Friday . The stock traded as high as $3.99 and last traded at $3.87. 384,880 shares traded hands during mid-day trading, an increase of 164% from the average session volume of 146,020 shares. The stock had previously closed at $3.26.

Analyst Upgrades and Downgrades

DPRO has been the topic of a number of recent research reports. Maxim Group started coverage on Draganfly in a research note on Wednesday, October 2nd. They set a “buy” rating and a $7.00 price objective on the stock. HC Wainwright lowered their price target on shares of Draganfly from $7.00 to $5.00 and set a “buy” rating on the stock in a research report on Friday, November 15th.

Draganfly Stock Performance

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 company has a market cap of $7.62 million, a price-to-earnings ratio of -0.96 and a beta of 2.58. The firm has a 50 day simple moving average of $2.90 and a 200-day simple moving average of $3.86.

Institutional Investors Weigh In On Draganfly

A number of institutional investors have recently made changes to their positions in DPRO. Armistice Capital LLC purchased a new position in shares of Draganfly during the 2nd quarter worth approximately $1,515,000. Integrated Advisors Network LLC acquired a new position in Draganfly during the third quarter worth $52,000. Finally, Ground Swell Capital LLC purchased a new position in shares of Draganfly during the third quarter worth $28,000. 10.39% of the stock is currently owned by institutional investors and hedge funds.

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.