Draganfly (NASDAQ:DPRO) Releases Earnings Results

Draganfly (NASDAQ:DPRO) announced its quarterly earnings data on Wednesday. The company reported ($0.79) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.65) by ($0.14), Zacks reports. The firm had revenue of $1.15 million during the quarter, compared to analyst estimates of $2.42 million. Draganfly had a negative net margin of 227.25% and a negative return on equity of 1,487.09%.

Draganfly Stock Down 3.9 %

Shares of NASDAQ:DPRO opened at $2.94 on Friday. The company has a current ratio of 1.94, a quick ratio of 1.54 and a debt-to-equity ratio of 0.07. The firm has a 50 day simple moving average of $2.93 and a 200-day simple moving average of $3.09. The company has a market capitalization of $5.80 million, a PE ratio of -0.73 and a beta of 2.57. Draganfly has a twelve month low of $1.55 and a twelve month high of $9.13.

Analysts Set New Price Targets

Separately, HC Wainwright lifted their price target on Draganfly from $5.00 to $7.00 and gave the stock a “buy” rating in a report on Monday, December 23rd.

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.