Draganfly (NASDAQ:DPRO) Research Coverage Started at Maxim Group

Maxim Group initiated coverage on shares of Draganfly (NASDAQ:DPRO) in a report issued on Wednesday, Marketbeat.com reports. The brokerage issued a buy rating and a $7.00 price objective on the stock.

Separately, HC Wainwright upped their target price on Draganfly from $0.50 to $7.00 and gave the company a buy rating in a report on Friday, September 6th.

Draganfly Price Performance

DPRO stock opened at $3.51 on Wednesday. The stock has a market capitalization of $173.02 million, a price-to-earnings ratio of -11.32 and a beta of 2.24. The firm’s 50-day moving average price is $0.94 and its two-hundred day moving average price is $0.33. The company has a current ratio of 0.69, a quick ratio of 0.56 and a debt-to-equity ratio of 0.23. Draganfly has a 12-month low of $1.55 and a 12-month high of $19.86.

Draganfly (NASDAQ:DPRO) last announced its quarterly earnings results on Tuesday, August 13th. The company reported ($0.04) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.01. Draganfly had a negative return on equity of 1,845.76% and a negative net margin of 303.16%. The company had revenue of $1.27 million for the quarter, compared to the consensus estimate of $2.07 million. As a group, equities analysts predict that Draganfly will post -5.03 earnings per share for the current year.

Hedge Funds Weigh In On Draganfly

A hedge fund recently bought a new stake in Draganfly stock. Armistice Capital LLC bought a new position in shares of Draganfly Inc. (NASDAQ:DPRO) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 6,473,000 shares of the company’s stock, valued at approximately $1,515,000. Armistice Capital LLC owned 13.13% of Draganfly as of its most recent filing with the Securities and Exchange Commission. 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.