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Positives for Draganfly Inc (DPRO) as stock gains in recent trading

Draganfly Inc (NASDAQ: DPRO) is -60.40% lower on its value in year-to-date trading and has touched a low of $0.13 and a high of $1.68 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The DPRO stock was last observed hovering at around $0.18 in the last trading session, with the day’s gains setting it 0.01%.

Currently trading at $0.19, the stock is 9.10% and -31.99% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.65 million and changing 2.70% at the moment leaves the stock -71.69% off its SMA200. DPRO registered -86.72% loss for a year compared to 6-month loss of -75.93%. The firm has a 50-day simple moving average (SMA 50) of $1.58 and a 200-day simple moving average (SMA200) of -$0.40.

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The stock witnessed a 14.47% gain in the last 1 month and extending the period to 3 months gives it a -57.33%, and is 8.58% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 6.48% over the week and 10.03% over the month.

Draganfly Inc (DPRO) has around 54 employees, a market worth around $12.21M and $4.86M in sales. Profit margin for the company is -359.84%. Distance from 52-week low is 45.74% and -88.70% from its 52-week high. The company has generated returns on investments over the last 12 months (-2762.00%).

The EPS is expected to grow by 33.73% this year.

Draganfly Inc (DPRO) Top Institutional Holders

35 institutions hold shares in Draganfly Inc (DPRO), with institutional investors hold 9.10% of the company’s shares. The shares outstanding are 64.29M, and float is at 62.49M with Short Float at 0.60%. Institutions hold 8.96% of the Float.

The top institutional shareholder in the company is AlphaCentric Advisors LLC with over 0.5 million shares valued at $0.64 million. The investor’s holdings represent 1.14% of the DPRO Shares outstanding. As of Sep 29, 2023, the second largest holder is Alliance Wealth Advisors, LLC with 0.1 million shares valued at $79207.0 to account for 0.23% of the shares outstanding. The other top investors are Morgan Stanley which holds 65736.0 shares representing 0.15% and valued at over $84142.0, while Scotia Capital Inc. holds 0.12% of the shares totaling 51550.0 with a market value of $65984.0.

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