FY2024 EPS Estimates for Draganfly Lifted by HC Wainwright

Draganfly Inc. (NASDAQ:DPRO) – Stock analysts at HC Wainwright increased their FY2024 earnings per share estimates for shares of Draganfly in a research note issued on Monday, December 23rd. HC Wainwright analyst S. Buck now forecasts that the company will earn ($2.92) per share for the year, up from their previous estimate of ($2.98). HC Wainwright has a “Buy” rating and a $7.00 price target on the stock. The consensus estimate for Draganfly’s current full-year earnings is ($2.98) per share. HC Wainwright also issued estimates for Draganfly’s Q4 2024 earnings at ($0.65) EPS and FY2025 earnings at ($0.50) EPS.

Separately, Maxim Group began coverage on shares of Draganfly in a research note on Wednesday, October 2nd. They set a “buy” rating and a $7.00 target price on the stock.

Draganfly Trading Down 2.2 %

Shares of NASDAQ:DPRO opened at $4.48 on Wednesday. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.94 and a quick ratio of 1.54. Draganfly has a 1 year low of $1.55 and a 1 year high of $12.50. The company has a market cap of $8.83 million, a P/E ratio of -1.11 and a beta of 2.58. The stock’s fifty day moving average price is $3.20 and its 200-day moving average price is $3.65.

Hedge Funds Weigh In On Draganfly

Several hedge funds and other institutional investors have recently modified their holdings of the company. Armistice Capital LLC purchased a new stake in shares of Draganfly during the 2nd quarter valued at about $1,515,000. Integrated Advisors Network LLC bought a new stake in Draganfly during the third quarter valued at approximately $52,000. Finally, Ground Swell Capital LLC purchased a new stake in Draganfly during the third quarter valued at approximately $28,000. 10.39% of the stock is owned by institutional investors.

Draganfly Company Profile

Draganfly Inc develops, manufactures, and sells cutting-edge unmanned and remote data collection and analysis platforms and systems in the United States and Canada. The company offers quad-?copters, ???fixed wing ?aircrafts, ground based robots, handheld controllers, and flight training, as well as software ?used for tracking, live ???streaming, ?and data collection.