Draganfly (NASDAQ:DPRO) Receives New Coverage from Analysts at Maxim Group

Research analysts at Maxim Group assumed coverage on shares of Draganfly (NASDAQ:DPRO) in a research report issued on Wednesday, Benzinga reports. The brokerage set a “buy” rating and a $7.00 price target on the stock. Maxim Group’s price objective suggests a potential upside of 169.23% from the stock’s current price.

Separately, HC Wainwright raised their target price on shares of Draganfly from $0.50 to $7.00 and gave the company a “buy” rating in a research note on Friday, September 6th.

Draganfly Trading Down 0.8 %

NASDAQ DPRO traded down $0.02 during trading hours on Wednesday, hitting $2.60. 15,792 shares of the company’s stock were exchanged, compared to its average volume of 107,807. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.56 and a current ratio of 0.69. The firm has a market capitalization of $128.16 million, a P/E ratio of -8.23 and a beta of 2.24. The business’s 50 day moving average is $0.81 and its 200-day moving average is $0.29. Draganfly has a 12-month low of $1.55 and a 12-month high of $19.86.

Draganfly (NASDAQ:DPRO) last released its earnings results on Tuesday, August 13th. The company reported $0.00 earnings per share (EPS) for the quarter. The firm had revenue of $1.27 million during the quarter, compared to the consensus estimate of $2.07 million. Draganfly had a negative net margin of 303.16% and a negative return on equity of 1,845.76%. As a group, analysts anticipate that Draganfly will post -5.03 EPS for the current fiscal year.

Hedge Funds Weigh In On Draganfly

An institutional investor recently bought a new position in Draganfly stock. Armistice Capital LLC bought a new position in shares of Draganfly Inc. (NASDAQ:DPRO) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm bought 6,473,000 shares of the company’s stock, valued at approximately $1,515,000. Armistice Capital LLC owned about 13.13% of Draganfly as of its most recent SEC filing. Institutional investors own 10.39% of the company’s stock.

About Draganfly

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.