Draganfly Inc (NASDAQ: DPRO) is 28.36% higher 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 continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The DPRO stock was last observed hovering at around $5.18 in the last trading session, with the day’s gains setting it 2.04%.
Currently trading at $7.22, the stock is 107.40% and 172.05% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 27.37 million and changing 39.38% at the moment leaves the stock 144.56% off its SMA200. DPRO registered 80.05% gain for a year compared to 6-month loss of 103.95%. The firm has a 50-day simple moving average (SMA 50) of $2.4684 and a 200-day simple moving average (SMA200) of $2.906175.
The stock witnessed a 193.50% gain in the last 1 month and extending the period to 3 months gives it a 172.45%, and is 85.84% 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 21.48% over the week and 13.84% over the month.
Draganfly Inc (DPRO) has around 54 employees, a market worth around $39.20M and $4.88M in sales. Profit margin for the company is -227.27%. Distance from 52-week low is 365.81% and 18.60% from its 52-week high. The company has generated returns on investments over the last 12 months (-933.92%).
with sales reaching $2.24M over the same period.The EPS is expected to grow by 63.15% this year, but quarterly earnings will post 62.94% year-over-year. Quarterly sales are estimated to grow 29.31% in year-over-year returns.
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 5.35M with Short Float at 17.42%. 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.
