Draganfly (NASDAQ:DPRO) Earns Buy Rating from HC Wainwright

Draganfly (NASDAQ:DPRO)‘s stock had its “buy” rating reiterated by equities researchers at HC Wainwright in a research report issued to clients and investors on Thursday,Benzinga reports. They currently have a $7.00 price target on the stock. HC Wainwright’s price target points to a potential upside of 209.73% from the stock’s previous close.

Draganfly Price Performance

NASDAQ:DPRO opened at $2.26 on Thursday. The company has a quick ratio of 1.54, a current ratio of 1.94 and a debt-to-equity ratio of 0.07. The firm has a market cap of $4.46 million, a PE ratio of -0.56 and a beta of 2.57. Draganfly has a 12 month low of $1.55 and a 12 month high of $9.13. The company’s 50-day moving average price is $2.88 and its two-hundred day moving average price is $3.11.

Draganfly (NASDAQ:DPRO) last announced its 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). Draganfly had a negative return on equity of 1,487.09% and a negative net margin of 227.25%. The business had revenue of $1.15 million during the quarter, compared to analyst estimates of $2.42 million. On average, equities analysts anticipate that Draganfly will post -3.56 EPS for the current fiscal year.

Institutional Trading of Draganfly

A number of hedge funds and other institutional investors have recently made changes to their positions in DPRO. Integrated Advisors Network LLC grew its holdings in Draganfly by 46.3% during the 4th quarter. Integrated Advisors Network LLC now owns 30,000 shares of the company’s stock worth $120,000 after acquiring an additional 9,500 shares during the last quarter. Virtu Financial LLC bought a new position in Draganfly in the 4th quarter worth approximately $51,000. Finally, Kieckhefer Group LLC acquired a new position in shares of Draganfly during the fourth quarter valued at $467,000. 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.