Draganfly’s (DPRO) Buy Rating Reaffirmed at HC Wainwright

HC Wainwright reiterated their buy rating on shares of Draganfly (NASDAQ:DPRO) in a report released on Thursday morning,Benzinga reports. HC Wainwright currently has a $7.00 price objective on the stock.

Draganfly Price Performance

Shares of NASDAQ:DPRO opened at $2.22 on Thursday. The stock’s 50 day moving average price is $2.87 and its 200 day moving average price is $3.11. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.94 and a quick ratio of 1.54. The stock has a market cap of $4.38 million, a price-to-earnings ratio of -0.55 and a beta of 2.57. Draganfly has a 12 month low of $1.55 and a 12 month high of $9.13.

Draganfly (NASDAQ:DPRO) last announced its quarterly earnings data on Wednesday, March 26th. The company reported ($0.79) earnings per share for the quarter, missing the consensus estimate of ($0.65) by ($0.14). Draganfly had a negative net margin of 227.25% and a negative return on equity of 1,487.09%. The firm had revenue of $1.15 million during the quarter, compared to analyst estimates of $2.42 million. Equities research analysts anticipate that Draganfly will post -3.56 earnings per share for the current fiscal year.

Institutional Trading of Draganfly

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Integrated Advisors Network LLC increased its holdings in shares of Draganfly by 46.3% in the fourth quarter. Integrated Advisors Network LLC now owns 30,000 shares of the company’s stock valued at $120,000 after buying an additional 9,500 shares in the last quarter. Virtu Financial LLC acquired a new stake in shares of Draganfly during the fourth quarter worth $51,000. Finally, Kieckhefer Group LLC purchased a new stake in shares of Draganfly during the fourth quarter valued at $467,000. 10.39% of the stock is owned by institutional investors and hedge funds.

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.