Draganfly Inc [NASDAQ: DPRO] gained 8.28% or 0.38 points to close at $4.97 with a heavy trading volume of 10041972 shares.
It opened the trading session at $5.07, the shares rose to $5.45 and dropped to $4.76, the range by which the price of stock traded the whole day. The daily chart for DPRO points out that the company has recorded 38.83% gains over the past six months.
If we look at the average trading volume of 3.17M shares, DPRO reached to a volume of 10041972 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Draganfly Inc [DPRO]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for DPRO shares is $6.50 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on DPRO stock is a recommendation set at 1.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
The Price to Book ratio for the last quarter was 26.32, with the Price to Cash per share for the same quarter was set at 0.27.
Trading performance analysis for DPRO stock
Draganfly Inc [DPRO] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -20.22. With this latest performance, DPRO shares gained by 56.78% in over the last four-week period, additionally plugging by 38.83% over the last 6 months – not to mention a rise of 23.94% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for DPRO stock in for the last two-week period is set at 53.96, with the RSI for the last a single of trading hit 0.88, and the three-weeks RSI is set at 0.70 for Draganfly Inc [DPRO]. The present Moving Average for the last 50 days of trading for this stock 3.33, while it was recorded at 5.38 for the last single week of trading, and 3.06 for the last 200 days.
Draganfly Inc [DPRO]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Draganfly Inc [DPRO] shares currently have an operating margin of -221.50% and a Gross Margin at 13.60%. Draganfly Inc’s Net Margin is presently recorded at -227.27%.
Draganfly Inc (DPRO) Capital Structure & Debt Analysis
According to recent financial data for Draganfly Inc. ( DPRO), the Return on Equity (ROE) stands at -978.94%, highlighting a negative impact on investor capital. The Return on Assets (ROA) is -193.75%, reflecting the company’s efficiency in generating profits from its assets. Additionally, Draganfly Inc’s Return on Invested Capital (ROIC) is -933.92%, showcasing its effectiveness in deploying capital for earnings.
Draganfly Inc (DPRO) Efficiency & Liquidity Metrics
Based on Draganfly Inc’s (DPRO) latest financial statements, the Debt-to-Equity Ratio is 0.26%, indicating its reliance on debt financing relative to shareholder equity.
Draganfly Inc (DPRO) Efficiency & Liquidity Metrics
From an operational efficiency perspective, Draganfly Inc. (DPRO) effectively leverages its workforce, generating an average of -$205370.37 per employee. The company’s liquidity position is robust, with a Current Ratio of 1.14% and a Quick Ratio of 0.75%, indicating strong ability to cover short-term liabilities.
An analysis of Institutional ownership at Draganfly Inc [DPRO]
There are presently around $8.31%, or 8.33% of DPRO stock, in the hands of institutional investors. The top three institutional holders of DPRO stocks are: ARMISTICE CAPITAL, LLC with ownership of 6.47 million shares, which is approximately 11.7833%. ALLIANCE WEALTH ADVISORS, LLC, holding 0.1 million shares of the stock with an approximate value of $$24102.0 in DPRO stocks shares; and ALLIANCE WEALTH ADVISORS, LLC, currently with $$14000.0 in DPRO stock with ownership which is approximately 0.1092%.
