Should I buy or sell Draganfly stock right now?

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Draganfly in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" DPRO shares. View DPRO analyst ratings or view top-rated stocks .

What is Draganfly's stock price target for 2024?

2 Wall Street analysts have issued 1-year price objectives for Draganfly's shares. Their DPRO share price targets range from $1.00 to $1.00. On average, they anticipate the company's share price to reach $1.00 in the next year. This suggests a possible upside of 317.5% from the stock's current price. View analysts price targets for DPRO or view top-rated stocks among Wall Street analysts .

How have DPRO shares performed in 2024?

Draganfly's stock was trading at $0.4795 at the start of the year. Since then, DPRO shares have decreased by 50.1% and is now trading at $0.2395. View the best growth stocks for 2024 here .

Are investors shorting Draganfly?

Draganfly saw a increase in short interest in March. As of March 31st, there was short interest totaling 1,590,000 shares, an increase of 327.5% from the March 15th total of 371,900 shares. Based on an average daily trading volume, of 1,160,000 shares, the short-interest ratio is currently 1.4 days. Currently, 2.5% of the shares of the company are short sold. View Draganfly's Short Interest .

When is Draganfly's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 14th 2024. View our DPRO earnings forecast .

How do I buy shares of Draganfly?

Shares of DPRO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NASDAQ:DPRO

Draganfly (DPRO) Stock Price, News & Analysis

→ SHOCKING Crypto Leak… (From Crypto 101 Media) (Ad)

Free DPRO Stock Alerts

$0.24

0.00 (0.00%)

(As of 04/19/2024 ET)

Compare

Today's Range: $0.24
▼
$0.26
50-Day Range: $0.16
▼
$0.45
52-Week Range: $0.13
▼
$1.48

Volume: 699,658 shs
Average Volume: 1.07 million shs
Market Capitalization: $11.80 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $1.00

Get Draganfly alerts:

Draganfly MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 317.5% Upside
$1.00 Price Target
Short Interest: Healthy
2.53% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: Growing
From ($0.18) to ($0.11) Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.25 out of 5 stars

Computer And Technology Sector

511th out of 585 stocks

Aircraft Industry

7th out of 8 stocks

3.5

Analyst's Opinion

Consensus Rating
Draganfly has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.
Amount of Analyst Coverage
Draganfly has only been the subject of 1 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
2.53% of the float of Draganfly has been sold short.
Short Interest Ratio / Days to Cover
Draganfly has a short interest ratio ("days to cover") of 1.4, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Draganfly has recently increased by 327.53%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
Draganfly does not currently pay a dividend.
Dividend Growth
Draganfly does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for DPRO.

1.1

News and Social Media Coverage

Search Interest
10 people have searched for DPRO on MarketBeat in the last 30 days. This is an increase of 150% compared to the previous 30 days.
MarketBeat Follows
9 people have added Draganfly to their MarketBeat watchlist in the last 30 days. This is an increase of 125% compared to the previous 30 days.

0.0

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Draganfly insiders have not sold or bought any company stock.
Percentage Held by Institutions
Only 10.39% of the stock of Draganfly is held by institutions.

0.6

Earnings and Valuation

Earnings Growth
Earnings for Draganfly are expected to grow in the coming year, from ($0.18) to ($0.11) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Draganfly is -0.54, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Draganfly is -0.54, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Draganfly has a P/B Ratio of 23.95. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

Ad Altimetry

Secret Bull Market Starts in This Unusual Sector

"We're only at the very beginning of a new wave that could deliver 500%-plus gains in the years to come." In fact, 50 small companies related to this sector have already soared 100% or more in a recent 90-day stretch.

Click for my No. 1 investment, all free of charge, click here.

About Draganfly Stock (NASDAQ:DPRO)

Draganfly Inc. manufactures and sells commercial unmanned aerial vehicles worldwide. Its products include quadcopters, fixed wing aircrafts, ground based robots, and handheld controllers, as well as software used for tracking, live streaming, flight training, and data collection. The company also offers custom engineering, training, consulting, spraying, flight, and geographic information systems data services. It serves public safety, agriculture, industrial inspections, security, and mapping and surveying markets. Draganfly Inc. was founded in 1998 and is headquartered in Saskatoon, Canada.

DPRO Stock Price History

30 days | 90 days | 365 days | Advanced Chart

DPRO Stock News Headlines

April 11, 2024 | globenewswire.com

Draganfly to Showcase Cutting-Edge Drone Technologies at XPONENTIAL 2024 in San Diego

April 1, 2024 | markets.businessinsider.com

Maintained Buy Rating for Draganfly Amidst Expansion and Anticipated Growth

April 20, 2024 | Crypto 101 Media (Ad)

SHOCKING Crypto Leak…

A shocking leak has revealed tech giant Microsoft's plans to add crypto support to future products. If the plans in these leaked internal documents pan out, we could see prices skyrocket for Bitcoin, Ethereum, XRP and MORE… The coupling of gaming and cryptocurrency could absolutely transform digital finance as we know it in 2024.

April 1, 2024 | finance.yahoo.com

Draganfly Inc. (NASDAQ:DPRO) Q4 2023 Earnings Call Transcript

March 29, 2024 | finanznachrichten.de

Draganfly Inc: Draganfly Reports its 2023 Results

March 28, 2024 | ca.finance.yahoo.com

The Bulls Are Coming: 2 of the Best Growth Stocks to Buy Now and Get Ahead

March 27, 2024 | globenewswire.com

Draganfly Reports its 2023 Results

March 26, 2024 | globenewswire.com

Draganfly to Host Shareholder Update and Q4 Earnings Call

April 20, 2024 | Crypto 101 Media (Ad)

SHOCKING Crypto Leak…

March 16, 2024 | ca.finance.yahoo.com

DPRO Apr 2024 2.500 put

March 15, 2024 | theglobeandmail.com

San Francisco Voters Approve Police Use of Drones

March 13, 2024 | globenewswire.com

Draganfly to Integrate Drones with Knightscope Autonomous Security Robots & Systems

March 13, 2024 | businesswire.com

Knightscope ($KSCP) Signs MoU with Draganfly ($DPRO)

February 26, 2024 | globenewswire.com

Draganfly Announces Closing of US$3.6 Million Underwritten Public Offering

February 25, 2024 | finance.yahoo.com

DPRO Mar 2024 2.500 call

February 22, 2024 | benzinga.com

Crude Oil Rises 1%; US Jobless Claims Fall To 201,000

February 22, 2024 | investorplace.com

Why Is Draganfly (DPRO) Stock Down 48% Today?

February 22, 2024 | finance.yahoo.com

Draganfly Announces Pricing of US$3.6 Million Underwritten Public Offering

February 21, 2024 | globenewswire.com

Draganfly Announces Pricing of US$3.6 Million Underwritten Public Offering

February 17, 2024 | ca.finance.yahoo.com

DPRO Mar 2024 5.000 put

February 13, 2024 | finance.yahoo.com

Draganfly Selected as an Exclusive Partner of the Ulkatcho First Nation’s, Ulkatcho Group of Companies to provide UAV Solutions, Services, Training, Public Safety, and Emergency Response within the Ulkatcho First Nation

January 30, 2024 | finance.yahoo.com

Draganfly Selected to Develop Tactical Multi-Drop Payload System by MMS Products

January 23, 2024 | finance.yahoo.com

Draganfly Selected For Innovative End-To-End Electric Mobility Platform In UAE

January 16, 2024 | finanznachrichten.de

Draganfly Inc: Draganfly Announces Agreement to Pilot Drone Delivery Services Program for Mass General Brigham's Home Hospital

January 16, 2024 | tmcnet.com

Draganfly Announces Agreement to Pilot Drone Delivery Services Program for Mass General Brigham's Home Hospital

January 16, 2024 | finance.yahoo.com

Draganfly Announces Agreement to Pilot Drone Delivery Services Program for Mass General Brigham’s Home Hospital

December 1, 2023 | finance.yahoo.com

Draganfly Inc. (DPRO) May Find a Bottom Soon, Here's Why You Should Buy the Stock Now

See More Headlines

Receive DPRO Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Draganfly and its competitors with MarketBeat's FREE daily newsletter.

Company Calendar

Today: 4/20/2024
Next Earnings (Estimated): 5/14/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Computer and Technology
Industry: Aircraft
Sub-Industry: N/A
Current Symbol: NASDAQ:DPRO
CUSIP: N/A
CIK: 1786286
Web: www.draganfly.com
Phone: 800-979-9794
Fax: N/A
Employees: 2,020
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $1.00
High Stock Price Target: $1.00
Low Stock Price Target: $1.00
Potential Upside/Downside: +317.5%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.44)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-17,490,000.00
Net Margins: -359.88%
Pretax Margin: -360.21%
Return on Equity: -327.92%
Return on Assets: -189.77%

Debt

Debt-to-Equity Ratio: 1.05
Current Ratio: 0.90
Quick Ratio: 0.69

Sales & Book Value

Annual Sales: $4.86 million
Price / Sales: 2.43
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $0.01 per share
Price / Book: 23.95

Miscellaneous

Outstanding Shares: 49,290,000
Free Float: N/A
Market Cap: $11.80 million
Optionable: Optionable
Beta: 2.62

Beginners Guide To Retirement Stocks

Click the link below and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio.

Get This Free Report

Key Executives

Mr. Paul Sun C.F.A. (Age 52)
M.B.A., P.Eng., CFO & Corporate Secretary
Comp: $232.63k
Mr. Paul Mullen (Age 41)
Chief Operating Officer
Comp: $262.2k
Ms. Deborah R. Greenberg (Age 58)
Chief Legal, Corporate Service Officer & Corporate Secretary
Comp: $261.6k

Key Competitors

View All Competitors

Institutional Ownership

Armistice Capital LLC
Bought 4,150,000 shares on 2/13/2024
Ownership: 8.430%

View All Institutional Transactions

DPRO Stock Analysis - Frequently Asked Questions

Should I buy or sell Draganfly stock right now?: 2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Draganfly in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" DPRO shares.
View DPRO analyst ratings or view top-rated stocks.
What is Draganfly's stock price target for 2024?: 2 Wall Street analysts have issued 1-year price objectives for Draganfly's shares. Their DPRO share price targets range from $1.00 to $1.00. On average, they anticipate the company's share price to reach $1.00 in the next year. This suggests a possible upside of 317.5% from the stock's current price.
View analysts price targets for DPRO or view top-rated stocks among Wall Street analysts.
How have DPRO shares performed in 2024?: Draganfly's stock was trading at $0.4795 at the start of the year. Since then, DPRO shares have decreased by 50.1% and is now trading at $0.2395.
View the best growth stocks for 2024 here.
Are investors shorting Draganfly?: Draganfly saw a increase in short interest in March. As of March 31st, there was short interest totaling 1,590,000 shares, an increase of 327.5% from the March 15th total of 371,900 shares. Based on an average daily trading volume, of 1,160,000 shares, the short-interest ratio is currently 1.4 days. Currently, 2.5% of the shares of the company are short sold.
View Draganfly's Short Interest.

When is Draganfly's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 14th 2024.
View our DPRO earnings forecast.
How do I buy shares of Draganfly?: Shares of DPRO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:DPRO) was last updated on 4/20/2024 by MarketBeat.com Staff

From Our Partners

Get 30 Days of MarketBeat All Access Free

Best-in-Class Portfolio Monitoring
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Stock Ideas and Recommendations
Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.
Advanced Stock Screeners and Research Tools
Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.

Start Your 30-Day Free Trial