Draganfly (NASDAQ:DPRO) Receives New Coverage from Analysts at Maxim Group

Maxim Group began coverage on shares of Draganfly (NASDAQ:DPRO) in a research note released on Wednesday morning, Benzinga reports. The brokerage issued a buy rating and a $7.00 target price on the stock.

Separately, HC Wainwright boosted their price target on Draganfly from $0.50 to $7.00 and gave the stock a buy rating in a research report on Friday, September 6th.

Draganfly Price Performance

Shares of NASDAQ DPRO opened at $2.96 on Wednesday. The business’s 50 day moving average price is $0.87 and its two-hundred day moving average price is $0.31. The company has a market cap of $145.91 million, a PE ratio of -9.55 and a beta of 2.24. The company has a quick ratio of 0.56, a current ratio of 0.69 and a debt-to-equity ratio of 0.23. Draganfly has a twelve month low of $1.55 and a twelve month high of $19.86.

Draganfly (NASDAQ:DPRO) last announced its quarterly earnings results on Tuesday, August 13th. The company reported $0.00 earnings per share for the quarter. The firm 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, analysts predict that Draganfly will post -5.03 EPS for the current year.

Hedge Funds Weigh In On Draganfly

A hedge fund recently bought a new stake in Draganfly stock. Armistice Capital LLC bought a new stake in Draganfly Inc. (NASDAQ:DPRO) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 6,473,000 shares of the company’s stock, valued at approximately $1,515,000. Armistice Capital LLC owned about 13.13% of Draganfly at the end of the most recent quarter. 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.