Draganfly (NASDAQ:DPRO) Price Target Raised to $7.00

Draganfly (NASDAQ:DPRO) had its target price hoisted by HC Wainwright from $5.00 to $7.00 in a research note released on Monday morning,Benzinga reports. The firm currently has a buy rating on the stock. HC Wainwright also issued estimates for Draganfly’s Q4 2024 earnings at ($0.65) EPS, FY2024 earnings at ($2.92) EPS and FY2025 earnings at ($0.50) EPS.

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

Draganfly Stock Down 2.2 %

DPRO opened at $4.48 on Monday. The stock has a market capitalization of $8.83 million, a price-to-earnings ratio of -1.11 and a beta of 2.58. The company has a quick ratio of 1.54, a current ratio of 1.94 and a debt-to-equity ratio of 0.07. The firm has a 50 day moving average price of $3.20 and a 200-day moving average price of $3.65. Draganfly has a twelve month low of $1.55 and a twelve month high of $12.50.

Hedge Funds Weigh In On Draganfly

Several hedge funds have recently modified their holdings of the stock. Ground Swell Capital LLC purchased a new stake in Draganfly in the 3rd quarter worth $28,000. Integrated Advisors Network LLC bought a new stake in shares of Draganfly in the third quarter worth about $52,000. Finally, Armistice Capital LLC purchased a new stake in shares of Draganfly in the second quarter worth about $1,515,000. Hedge funds and other institutional investors own 10.39% of the company’s stock.

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.