HC Wainwright Forecasts Strong Price Appreciation for Draganfly (NASDAQ:DPRO) Stock

Draganfly (NASDAQ:DPRO) had its price objective boosted by equities research analysts at HC Wainwright from $5.00 to $7.00 in a note issued to investors on Monday,Benzinga reports. The firm currently has a “buy” rating on the stock. HC Wainwright’s price target suggests a potential upside of 59.45% from the stock’s current price.

Separately, Maxim Group started coverage on Draganfly in a research report on Wednesday, October 2nd. They set a “buy” rating and a $7.00 target price for the company.

Draganfly Trading Up 0.7 %

Shares of NASDAQ DPRO opened at $4.39 on Monday. The business’s 50 day moving average price is $3.12 and its 200-day moving average price is $3.69. Draganfly has a fifty-two week low of $1.55 and a fifty-two week high of $12.50. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.54 and a current ratio of 1.94. The company has a market cap of $8.66 million, a price-to-earnings ratio of -1.09 and a beta of 2.58.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Ground Swell Capital LLC purchased a new stake in shares of Draganfly in the 3rd quarter worth approximately $28,000. Integrated Advisors Network LLC purchased a new stake in Draganfly during the third quarter worth $52,000. Finally, Armistice Capital LLC bought a new stake in Draganfly during the 2nd quarter valued at $1,515,000. 10.39% of the stock is currently owned by institutional investors.

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.