In the last trading session, 4.69 million Draganfly Inc (NASDAQ:DPRO) shares changed hands as the company’s beta touched 1.24. With the company’s per share price at $4.19 changed hands at $1.24 or 42.03% during last session, the market valuation stood at $16.05M. DPRO’s last price was a discount, traded about -258.0% off its 52-week high of $15.00. The share price had its 52-week low at $1.55, which suggests the last value was 63.01% up since then. When we look at Draganfly Inc’s average trading volume, we note the 10-day average is 0.7 million shares, with the 3-month average coming to 211.05K.
Analysts gave the Draganfly Inc (DPRO) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.00. If we narrow down to specifics, the data shows that 0 out of 1 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended DPRO as a Hold, 1 felt it is a Buy and 0 rated the stock as Underweight.
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Draganfly Inc (NASDAQ:DPRO) trade information
Instantly DPRO was in green as seen at the end of in last trading. With action 81.39%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -65.05%, with the 5-day performance at 81.39% in the green. However, in the 30-day time frame, Draganfly Inc (NASDAQ:DPRO) is 60.54% up. Looking at the short shares, we see there were 0.13 million shares sold at short interest cover period of 1.46 days.
The consensus price target for the stock as assigned by Wall Street analysts is 7, meaning bulls need an upside of 40.14% from its current market value. According to analyst projections, DPRO’s forecast low is 7 with 7 as the target high. To hit the forecast high, the stock’s price needs a -67.06% plunge from its current level, while the stock would need to soar -67.06% for it to hit the projected low.
Draganfly Inc (DPRO) estimates and forecasts
Data shows that the Draganfly Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -39.22% over the past 6 months, a 57.37% in annual growth rate that is considerably higher than the industry average of 15.40%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -65.41%. The 2024 estimates are for Draganfly Inc earnings to increase by 73.25%.
DPRO Dividends
Draganfly Inc is expected to release its next quarterly earnings report in January.
Draganfly Inc (NASDAQ:DPRO)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 1.28% of Draganfly Inc shares while 1.81% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 1.84%. There are 1.81% institutions holding the Draganfly Inc stock share, with ARMISTICE CAPITAL, LLC the top institutional holder. As of 2024-06-30, the company held 11.7833% of the shares, roughly 6.47 million DPRO shares worth $1.51 million.
ALLIANCE WEALTH ADVISORS, LLC holds the second largest percentage of outstanding shares, with 0.1875% or 0.1 million shares worth $24102.0 as of 2024-06-30.
