In a report released today, Scott Buck from H.C. Wainwright reiterated a Buy rating on Draganfly (DPRO – Research Report), with a price target of $2.00. The company’s shares closed yesterday at $1.11.
According to TipRanks, Buck is an analyst with an average return of -10.3% and a 34.30% success rate. Buck covers the Technology sector, focusing on stocks such as NexTech AR Solutions, Intellicheck Mobilisia, and Akerna.
Draganfly has an analyst consensus of Moderate Buy, with a price target consensus of $2.00.
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The company has a one-year high of $3.84 and a one-year low of $0.50. Currently, Draganfly has an average volume of 435.5K.
Based on the recent corporate insider activity of 32 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of DPRO in relation to earlier this year.
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Draganfly Inc is a Canada based company. It is engaged in the provision of engineering services and the manufacture of commercial unmanned vehicle systems and software. The company operates in Canada, the United States, and Internationally. It generates revenue through Product sales and Consulting. Product sales revenue consists of internally assembled multi-rotor helicopters, industrial aerial video systems, civilian small unmanned aerial systems or vehicles, and wireless video systems. Consulting service includes custom engineering and training and simulation consulting.
Read More on DPRO:
- Draganfly selected by Lufthansa Industry Solutions for drone, VI technology
- Draganfly Selected by Lufthansa Industry Solutions to Strengthen Marine Search and Rescue Infrastructure
- Draganfly to be Featured on Bloomberg’s RedChip Money Report® on December 17
- Draganfly’s Commander 3 XL Wins Best Enterprise Drone at the Droning Awards
- Draganfly launch new flight facility for land mine, anomaly detection protocols
