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HC Wainwright Increases Draganfly (NASDAQ:DPRO) Price Target to $2.00

Defense World ·  Jan 22, 2023 04:01

Draganfly (NASDAQ:DPRO – Get Rating) had its price objective hoisted by research analysts at HC Wainwright from $1.50 to $2.00 in a research note issued on Friday, Benzinga reports. The firm currently has a "buy" rating on the stock. HC Wainwright's price target indicates a potential upside of 57.48% from the stock's previous close.

Draganfly Price Performance

DPRO stock opened at $1.27 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 7.96 and a current ratio of 9.59. Draganfly has a 52 week low of $0.50 and a 52 week high of $3.84. The firm's fifty day moving average is $0.90 and its 200 day moving average is $0.85. The firm has a market cap of $171.66 million, a P/E ratio of 6.05 and a beta of 1.99.

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Draganfly (NASDAQ:DPRO – Get Rating) last released its quarterly earnings data on Wednesday, November 9th. The company reported ($0.12) earnings per share for the quarter, meeting analysts' consensus estimates of ($0.12). Draganfly had a net margin of 26.95% and a negative return on equity of 63.04%. The business had revenue of $1.44 million during the quarter. Research analysts predict that Draganfly will post -0.35 earnings per share for the current year.

Institutional Trading of Draganfly

A hedge fund recently raised its stake in Draganfly stock. Citadel Advisors LLC increased its holdings in shares of Draganfly Inc. (NASDAQ:DPRO – Get Rating) by 2,128.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 73,545 shares of the company's stock after purchasing an additional 70,245 shares during the quarter. Citadel Advisors LLC owned 0.05% of Draganfly worth $51,000 at the end of the most recent reporting period. 0.52% of the stock is owned by institutional investors.

About Draganfly

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Draganfly Inc manufactures and sells commercial unmanned aerial vehicles worldwide. Its products include quadcopters, fixed wing aircrafts, ground based robots, and handheld controllers, as well as software used for tracking, live streaming, flight training, and data collection. The company also offers custom engineering and training, simulation consulting, and flight training services, as well as wireless video systems.

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