In last trading session, Draganfly Inc (NASDAQ:DPRO) saw 0.4 million shares changing hands with its beta currently measuring 1.63. Company’s recent per share price level of $0.52 trading at -$0.03 or -4.16% at ring of the bell on the day assigns it a market valuation of $22.91M. That closing price of DPRO’s stock is at a discount of -373.08% from its 52-week high price of $2.46 and is indicating a discount of -3.85% from its 52-week low price of $0.54. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.19 million shares which gives us an average trading volume of 193.06K if we extend that period to 3-months.
For Draganfly Inc (DPRO), analysts’ consensus is at an average recommendation of a Buy while assigning it a mean rating of 1.00. Splitting up the data highlights that, out of 2 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 2 see the stock as a Buy. 0 analyst(s) advised it as an Underweight.
Draganfly Inc (NASDAQ:DPRO) trade information
Upright in the red during last session for losing -4.16%, in the last five days DPRO remained trading in the red while hitting it’s week-highest on Tuesday, 11/14/23 when the stock touched $0.52 price level, adding 18.58% to its value on the day. Draganfly Inc’s shares saw a change of -30.33% in year-to-date performance and have moved -15.04% in past 5-day. Draganfly Inc (NASDAQ:DPRO) showed a performance of -27.03% in past 30-days. Number of shares sold short was 0.79 million shares which calculate 4.34 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $2.65 to the stock, which implies a rise of 80.38% to its current value. Analysts have been projecting $2.46 as a low price target for the stock while placing it at a high target of $3.00. It follows that stock’s current price would drop -476.92% in reaching the projected high whereas dropping to the targeted low would mean a loss of -373.08% for stock’s current value.
Draganfly Inc (DPRO) estimates and forecasts
Statistics highlight that Draganfly Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -40.85% of value to its shares in past 6 months, showing an annual growth rate of 16.39% while that of industry is 3.10. Apart from that, the company came raising its revenue forecast for fiscal year 2023.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -64.97% during past 5 years.
Draganfly Inc is more likely to be releasing its next quarterly report on November 09 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
Draganfly Inc (NASDAQ:DPRO)’s Major holders
Insiders are in possession of 2.38% of company’s total shares while institution are holding 3.53 percent of that, with stock having share float percentage of 3.62%. Investors also watch the number of corporate investors in a company very closely, which is 3.53% institutions for Draganfly Inc that are currently holding shares of the company. AlphaCentric Advisors LLC is the top institutional holder at DPRO for having 0.5 million shares of worth $0.26 million. And as of Sep 29, 2023, it was holding 1.03% of the company’s outstanding shares.
The second largest institutional holder is Alliance Wealth Advisors, LLC, which was holding about 0.1 million shares on Sep 29, 2023. The number of shares represents firm’s hold over 0.21% of outstanding shares, having a total worth of $53817.0.
On the other hand, Mutual Fund Ser Tr-AlphaCentric Robotics & Automation Fund and Fidelity NASDAQ Composite Index Fund are the top two Mutual Funds which own company’s shares. As of Jun 29, 2023, the former fund manager was holding 0.5 million shares of worth $0.26 million or 1.03% of the total outstanding shares. The later fund manager was in possession of 18003.0 shares on Aug 30, 2023, making its stake of worth around $9406.0 in the company or a holder of 0.04% of company’s stock.