Draganfly (NASDAQ:DPRO) Shares Up 2.8%

Draganfly Inc. (NASDAQ:DPRO) shares rose 2.8% on Thursday . The company traded as high as $0.23 and last traded at $0.22. Approximately 244,282 shares were traded during mid-day trading, a decline of 76% from the average daily volume of 1,038,625 shares. The stock had previously closed at $0.22.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright reaffirmed a “buy” rating and issued a $1.00 price objective on shares of Draganfly in a report on Wednesday, May 15th.

Draganfly Trading Up 2.8 %

The company has a current ratio of 1.08, a quick ratio of 0.86 and a debt-to-equity ratio of 0.23. The business has a 50 day moving average of $0.25 and a 200-day moving average of $0.30. The stock has a market cap of $11.01 million, a PE ratio of -0.72 and a beta of 2.37.

Draganfly (NASDAQ:DPRO) last posted its earnings results on Tuesday, May 14th. The company reported ($0.02) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.04. Draganfly had a negative return on equity of 497.78% and a negative net margin of 292.78%. The firm had revenue of $0.99 million for the quarter, compared to analyst estimates of $1.29 million. During the same quarter in the prior year, the company earned ($0.15) EPS. On average, analysts anticipate that Draganfly Inc. will post -0.15 EPS for the current year.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Draganfly stock. Armistice Capital LLC bought a new position in Draganfly Inc. (NASDAQ:DPRO) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 4,150,000 shares of the company’s stock, valued at approximately $1,990,000. Armistice Capital LLC owned 8.43% of Draganfly at the end of the most recent quarter. 10.39% of the stock is currently 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.