HC Wainwright Reaffirms “Buy” Rating for Draganfly (NASDAQ:DPRO)

Draganfly (NASDAQ:DPRO)‘s stock had its “buy” rating restated by investment analysts at HC Wainwright in a report issued on Thursday,Benzinga reports. They currently have a $7.00 target price on the stock. HC Wainwright’s price objective points to a potential upside of 228.64% from the stock’s previous close. HC Wainwright also issued estimates for Draganfly’s Q1 2025 earnings at ($0.48) EPS, Q2 2025 earnings at ($0.51) EPS, Q3 2025 earnings at ($0.56) EPS, Q4 2025 earnings at ($0.51) EPS and FY2026 earnings at ($0.38) EPS.

Draganfly Price Performance

Shares of NASDAQ DPRO opened at $2.13 on Thursday. 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 $9.13. The company has a market capitalization of $4.20 million, a price-to-earnings ratio of -0.53 and a beta of 2.57. The business has a 50-day moving average of $2.84 and a 200-day moving average of $3.11.

Draganfly (NASDAQ:DPRO) last released its quarterly earnings results on Wednesday, March 26th. The company reported ($0.79) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.65) by ($0.14). The company had revenue of $1.15 million during the quarter, compared to analysts’ expectations of $2.42 million. Draganfly had a negative return on equity of 1,487.09% and a negative net margin of 227.25%. On average, equities analysts anticipate that Draganfly will post -3.56 EPS for the current fiscal year.

Hedge Funds Weigh In On Draganfly

A number of institutional investors have recently added to or reduced their stakes in the company. Kieckhefer Group LLC purchased a new stake in shares of Draganfly during the fourth quarter worth about $467,000. Virtu Financial LLC acquired a new stake in Draganfly during the 4th quarter valued at approximately $51,000. Finally, Integrated Advisors Network LLC increased its holdings in Draganfly by 46.3% during the 4th quarter. Integrated Advisors Network LLC now owns 30,000 shares of the company’s stock worth $120,000 after purchasing an additional 9,500 shares during the last quarter. Institutional investors and hedge funds own 10.39% of the company’s stock.

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.