HC Wainwright Increases Draganfly (NASDAQ:DPRO) Price Target to $7.00

Draganfly (NASDAQ:DPRO) had its price objective increased by equities research analysts at HC Wainwright from $0.50 to $7.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm presently has a “buy” rating on the stock. HC Wainwright’s price objective would indicate a potential upside of 207.02% from the stock’s current price.

Draganfly Price Performance

Shares of DPRO opened at $2.28 on Friday. The firm has a market cap of $112.39 million, a PE ratio of -7.35 and a beta of 2.24. Draganfly has a 1-year low of $1.93 and a 1-year high of $23.00. The company has a current ratio of 0.69, a quick ratio of 0.56 and a debt-to-equity ratio of 0.23. The firm has a fifty day simple moving average of $4.05 and a two-hundred day simple moving average of $5.13.

Draganfly (NASDAQ:DPRO) last posted its earnings results on Tuesday, August 13th. The company reported ($0.04) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.01. The company had revenue of $1.27 million for the quarter, compared to the consensus estimate of $2.07 million. Draganfly had a negative return on equity of 1,845.76% and a negative net margin of 303.16%. On average, equities analysts anticipate that Draganfly will post -0.2 EPS for the current year.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Draganfly stock. Armistice Capital LLC bought a new position in Draganfly Inc. (NASDAQ:DPRO) during the fourth quarter, according to its most recent disclosure with the SEC. 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 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 10.39% of the company’s stock.

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.