Draganfly (NASDAQ:DPRO) Shares Up 4.8% – Time to Buy?

Draganfly Inc. (NASDAQ:DPRO)’s stock price rose 4.8% during mid-day trading on Tuesday . The company traded as high as $3.29 and last traded at $3.25. Approximately 50,193 shares were traded during mid-day trading, a decline of 78% from the average daily volume of 231,509 shares. The stock had previously closed at $3.10.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright boosted their target price on Draganfly from $5.00 to $7.00 and gave the stock a “buy” rating in a report on Monday, December 23rd.

Draganfly Price Performance

The stock has a fifty day moving average of $3.82 and a 200-day moving average of $3.25. The firm has a market capitalization of $6.40 million, a P/E ratio of -0.80 and a beta of 2.53. The company has a quick ratio of 1.54, a current ratio of 1.94 and a debt-to-equity ratio of 0.07.

Hedge Funds Weigh In On Draganfly

A number of institutional investors have recently modified their holdings of DPRO. Ground Swell Capital LLC bought a new stake in shares of Draganfly during the third quarter valued at approximately $28,000. Integrated Advisors Network LLC bought a new position in Draganfly in the 3rd quarter valued at $52,000. Finally, Kieckhefer Group LLC acquired a new stake in shares of Draganfly in the 4th quarter valued at $467,000. 10.39% of the stock is 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.