A Business Review Of Draganfly Inc (NASDAQ: DPRO) And Growth Forecast

In the last trading session, 1.78 million shares of the Draganfly Inc (NASDAQ:DPRO) were traded, and its beta was 1.24. Most recently the company’s share price was $0.26, and it changed around $0.02 or 9.71% from the last close, which brings the market valuation of the company to $16.92M. DPRO currently trades at a discount to its 52-week high of $1.48, offering almost -469.23% off that amount. The share price’s 52-week low was $0.13, which indicates that the current value has risen by an impressive 50.0% since then. We note from Draganfly Inc’s average daily trading volume that its 3-month average coming to 1.25 million.

Draganfly Inc (NASDAQ:DPRO) trade information

Instantly DPRO has showed a green trend with a performance of 9.71% at the end of last trading. The performance over the last five days has remained in the green territory. The company’s shares are currently down -45.11% year-to-date, but still up 15.19% over the last five days. On the other hand, Draganfly Inc (NASDAQ:DPRO) is 50.49% up in the 30-day period.

The consensus price target as assigned by Wall Street analysts is $3.5, which translates to bulls needing to increase their stock price by 92.57% from its current value. Analyst projections state that DPRO is forecast to be at a low of $3.5 and a high of $3.5.

Draganfly Inc (DPRO) estimates and forecasts

Draganfly Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -63.24 percent over the past six months and at a 56.10% annual growth rate that is well above the industry average of 11.60%.

Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -65.39%.