Draganfly’s (DPRO) “Buy” Rating Reaffirmed at HC Wainwright

HC Wainwright reaffirmed their buy rating on shares of Draganfly (NASDAQ:DPROFree Report) in a research report sent to investors on Monday, Benzinga reports. They currently have a $1.00 price target on the stock.

Draganfly Price Performance

NASDAQ:DPRO opened at $0.24 on Monday. The company has a current ratio of 0.90, a quick ratio of 0.69 and a debt-to-equity ratio of 1.05. The company has a market capitalization of $11.73 million, a P/E ratio of -0.54 and a beta of 2.63. Draganfly has a 12 month low of $0.13 and a 12 month high of $1.48. The business’s 50-day moving average is $0.27 and its 200 day moving average is $0.48.

Institutional Investors Weigh In On Draganfly

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DPRO. Citadel Advisors LLC raised its position in Draganfly by 2,128.6% during the third quarter. Citadel Advisors LLC now owns 73,545 shares of the company’s stock valued at $51,000 after purchasing an additional 70,245 shares during the period. Virtu Financial LLC raised its position in Draganfly by 59.0% during the fourth quarter. Virtu Financial LLC now owns 43,240 shares of the company’s stock valued at $32,000 after purchasing an additional 16,048 shares during the period. Jane Street Group LLC raised its position in Draganfly by 111.3% during the fourth quarter. Jane Street Group LLC now owns 39,388 shares of the company’s stock valued at $30,000 after purchasing an additional 20,745 shares during the period. Finally, Armistice Capital LLC purchased a new stake in Draganfly during the fourth quarter valued at approximately $1,990,000. 10.39% of the stock is currently owned by hedge funds and other institutional investors.

Draganfly Company Profile

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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.

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