HC Wainwright Predicts Increased Earnings for Draganfly

Draganfly Inc. (NASDAQ:DPRO) – Stock analysts at HC Wainwright raised their FY2024 earnings per share estimates for Draganfly in a research report issued to clients and investors on Monday, December 23rd. HC Wainwright analyst S. Buck now anticipates that the company will post earnings per share of ($2.92) for the year, up from their previous estimate of ($2.98). HC Wainwright currently has a “Buy” rating and a $7.00 price target on the stock. The consensus estimate for Draganfly’s current full-year earnings is ($2.98) per share. HC Wainwright also issued estimates for Draganfly’s Q4 2024 earnings at ($0.65) EPS and FY2025 earnings at ($0.50) EPS.

Separately, Maxim Group began coverage on shares of Draganfly in a report on Wednesday, October 2nd. They issued a “buy” rating and a $7.00 target price on the stock.

Draganfly Trading Down 2.2 %

DPRO stock opened at $4.48 on Wednesday. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.94 and a quick ratio of 1.54. Draganfly has a 1-year low of $1.55 and a 1-year high of $12.50. The business has a 50 day simple moving average of $3.20 and a two-hundred day simple moving average of $3.65. The company has a market capitalization of $8.83 million, a price-to-earnings ratio of -1.11 and a beta of 2.58.

Institutional Investors Weigh In On Draganfly

Several large investors have recently made changes to their positions in DPRO. Ground Swell Capital LLC purchased a new position in Draganfly during the 3rd quarter valued at approximately $28,000. Integrated Advisors Network LLC bought a new position in shares of Draganfly during the 3rd quarter valued at approximately $52,000. Finally, Armistice Capital LLC purchased a new position in shares of Draganfly in the second quarter valued at $1,515,000. 10.39% of the stock is 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.