Draganfly Inc (NASDAQ:DPRO) has a beta value of 1.39 and has seen 1.18 million shares traded in the last trading session. The company, currently valued at $26.23M, closed the last trade at $4.83 per share which meant it gained $0.47 on the day or 10.78% during that session. The DPRO stock price is -195.45% off its 52-week high price of $14.27 and 67.91% above the 52-week low of $1.55. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.62 million shares traded. The 3-month trading volume is 264.77K shares.
The consensus among analysts is that Draganfly Inc (DPRO) is Buy stock at the moment, with a recommendation rating of 1.00. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 1 have rated it as a Hold, with 1 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.
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Draganfly Inc (NASDAQ:DPRO) trade information
Sporting 10.78% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the DPRO stock price touched $4.83 or saw a rise of 9.55%. Year-to-date, Draganfly Inc shares have moved -59.71%, while the 5-day performance has seen it change 6.62%. Over the past 30 days, the shares of Draganfly Inc (NASDAQ:DPRO) have changed 81.58%. Short interest in the company has seen 0.13 million shares shorted with days to cover at 1.46.
Wall Street analysts have a consensus price target for the stock at $7, which means that the shares’ value could jump 31.0% from current levels. The projected low price target is $7.0 while the price target rests at a high of $7.0. In that case, then, we find that the current price level is -44.93% off the targeted high while a plunge would see the stock gain -44.93% from current levels.
Draganfly Inc (DPRO) estimates and forecasts
Figures show that Draganfly Inc shares have outperformed across the wider relevant industry. The company’s shares have lost -10.10% over the past 6 months, with this year growth rate of 64.98%, compared to 15.00% for the industry. Revenue growth from the last financial year stood is estimated to be 12.09%.
2 analysts offering their estimates for the company have set an average revenue estimate of 2.42M for the current quarter. 1 have an estimated revenue figure of 3.8M for the next ending quarter. Year-ago sales stood 916.3k and 1.33M respectively for this quarter and the next, and analysts expect sales will grow by 164.43% for the current quarter and 12.09% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -65.41% over the past 5 years.
DPRO Dividends
Draganfly Inc is expected to release its next earnings report in January this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Draganfly Inc (NASDAQ:DPRO)’s Major holders
Insiders own 1.28% of the company shares, while shares held by institutions stand at 1.81% with a share float percentage of 1.84%. Investors are also buoyed by the number of investors in a company, with Draganfly Inc having a total of 20.0 institutions that hold shares in the company. The top two institutional holders are ARMISTICE CAPITAL, LLC with over 6.47 million shares worth more than $1.51 million. As of 2024-06-30, ARMISTICE CAPITAL, LLC held 11.7833% of shares outstanding.
The other major institutional holder is ALLIANCE WEALTH ADVISORS, LLC, with the holding of over 0.1 million shares as of 2024-06-30. The firm’s total holdings are worth over $24102.0 and represent 0.1875% of shares outstanding.
