Draganfly Inc (NASDAQ: DPRO) is -24.64% lower on its value in year-to-date trading and has touched a low of $1.55 and a high of $6.09 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 $3.46 in the last trading session, with the day’s gains setting it 0.42%.
Currently trading at $3.88, the stock is 33.52% and 59.78% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.81 million and changing 12.28% at the moment leaves the stock 34.43% off its SMA200. DPRO registered -3.12% loss for a year compared to 6-month loss of -9.86%. The firm has a 50-day simple moving average (SMA 50) of $2.4314 and a 200-day simple moving average (SMA200) of $2.889875.
The stock witnessed a 16.32% gain in the last 1 month and extending the period to 3 months gives it a 89.51%, and is 27.38% 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 9.26% over the week and 12.04% over the month.
Draganfly Inc (DPRO) has around 54 employees, a market worth around $21.10M and $4.88M in sales. Profit margin for the company is -227.27%. Distance from 52-week low is 150.65% and -36.18% from its 52-week high. The company has generated returns on investments over the last 12 months (-933.92%).
The EPS is expected to grow by 63.08% this year
17.0 institutions hold shares in Draganfly Inc (DPRO), with institutional investors hold 10.63% of the company’s shares. The shares outstanding are 5.43M, and float is at 5.38M with Short Float at 17.32%. Institutions hold 10.60% of the Float.
The top institutional shareholder in the company is ARMISTICE CAPITAL, LLC with over 6.47 million shares valued at $1.51 million. The investor’s holdings represent 11.7833 of the DPRO Shares outstanding. As of 2024-06-30, the second largest holder is ALLIANCE WEALTH ADVISORS, LLC with 0.1 million shares valued at $24102.0 to account for 0.1875 of the shares outstanding. The other top investors are THOROUGHBRED FINANCIAL SERVICES, LLC which holds 60000.0 shares representing 0.1092 and valued at over $14000.0, while MORGAN STANLEY holds 0.0994 of the shares totaling 70196.0 with a market value of $16426.0.
