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

Draganfly (NASDAQ:DPRO)‘s stock had its “buy” rating reissued by stock 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 target price would indicate a potential upside of 209.73% from the company’s current price.

Draganfly Stock Down 7.8 %

DPRO opened at $2.26 on Thursday. The company has a market capitalization of $4.46 million, a PE ratio of -0.56 and a beta of 2.57. The business has a 50-day moving average of $2.88 and a 200-day moving average of $3.11. Draganfly has a fifty-two week low of $1.55 and a fifty-two week high of $9.13. 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 (NASDAQ:DPRO) last announced its quarterly earnings results on Wednesday, March 26th. The company reported ($0.79) EPS for the quarter, missing the consensus estimate of ($0.65) by ($0.14). The company had revenue of $1.15 million for the quarter, compared to analyst estimates of $2.42 million. Draganfly had a negative net margin of 227.25% and a negative return on equity of 1,487.09%. Equities research analysts forecast that Draganfly will post -3.56 EPS for the current fiscal year.

Institutional Trading of Draganfly

A number of institutional investors and hedge funds have recently modified their holdings of DPRO. Kieckhefer Group LLC bought a new position in Draganfly in the fourth quarter worth $467,000. Virtu Financial LLC bought a new position in shares of Draganfly during the 4th quarter worth about $51,000. Finally, Integrated Advisors Network LLC boosted its position in shares of Draganfly by 46.3% during the 4th quarter. Integrated Advisors Network LLC now owns 30,000 shares of the company’s stock valued at $120,000 after acquiring an additional 9,500 shares in the last quarter. 10.39% of the stock is currently owned by institutional investors.

About Draganfly

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.