Draganfly (NASDAQ:DPRO) Stock Price Up 1.9% – Still a Buy?

Draganfly Inc. (NASDAQ:DPRO)’s stock price shot up 1.9% during trading on Monday . The stock traded as high as $4.27 and last traded at $4.22. 480,990 shares changed hands during mid-day trading, a decline of 37% from the average session volume of 757,936 shares. The stock had previously closed at $4.14.

Analyst Ratings Changes

A number of research analysts have commented on the company. Needham & Company LLC restated a “buy” rating and set a $12.00 price objective on shares of Draganfly in a research note on Tuesday, May 19th. Northland Securities set a $13.00 target price on Draganfly in a research note on Tuesday, May 12th. HC Wainwright initiated coverage on Draganfly in a report on Friday, May 29th. They set a “buy” rating and a $14.00 target price on the stock. Finally, LADENBURG THALM/SH SH raised Draganfly to a “strong-buy” rating in a research report on Wednesday, May 6th. Two research analysts have rated the stock with a Strong Buy rating and two have issued a Buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Strong Buy” and an average price target of $14.50.

Draganfly Stock Up 1.9%

The firm’s 50 day moving average price is $5.38 and its two-hundred day moving average price is $6.15. The firm has a market capitalization of $145.07 million, a PE ratio of -4.31 and a beta of 2.73.

Draganfly (NASDAQ:DPRO) last released its quarterly earnings results on Monday, May 11th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.02). The firm had revenue of $1.66 million for the quarter, compared to analysts’ expectations of $1.77 million. Draganfly had a negative return on equity of 27.88% and a negative net margin of 292.88%. On average, sell-side analysts anticipate that Draganfly Inc. will post -0.52 earnings per share for the current fiscal year.

Institutional Trading of Draganfly

Hedge funds and other institutional investors have recently modified their holdings of the business. IFP Advisors Inc purchased a new position in Draganfly in the third quarter valued at about $39,000. Purpose Unlimited Inc. acquired a new stake in Draganfly during the 4th quarter valued at approximately $43,000. Royal Bank of Canada increased its holdings in Draganfly by 478.4% during the 4th quarter. Royal Bank of Canada now owns 8,647 shares of the company’s stock worth $60,000 after purchasing an additional 7,152 shares during the last quarter. Wexford Capital LP purchased a new stake in Draganfly during the 3rd quarter worth approximately $67,000. Finally, GK Wealth Management LLC acquired a new position in shares of Draganfly in the 2nd quarter valued at approximately $55,000. 10.39% of the stock is owned by hedge funds and other institutional investors.

Draganfly Company Profile

Draganfly Inc (NASDAQ: DPRO) is a Canada-based developer and manufacturer of unmanned aerial systems (UAS) and related software solutions for commercial, government and academic applications. Headquartered in Saskatoon, Saskatchewan, the company specializes in designing lightweight, modular drones that integrate advanced sensor payloads—including high-resolution imaging, multispectral and thermal cameras—to gather aerial data across a range of industries.

The company’s core offerings include turnkey UAS platforms, data-capture payloads and proprietary analytics software that enable clients to perform precision agriculture monitoring, land surveying, infrastructure inspection and environmental assessment.