Draganfly Inc. (NASDAQ:DPRO) traded at $1.46 at close of the session on Monday, 01/23/23, made an upward move of 14.96% on its previous day’s price.
Looking at the stock we see that its previous close was $1.27 and the beta (5Y monthly) reads 0.85 with the day’s price range being $1.31 – $1.56. The company has a trailing 12-month PE ratio of 121.67. In terms of its 52-week price range, DPRO has a high of $3.84 and a low of $0.50. The company’s stock has gained about 56.99% over that past 30 days.
Draganfly Inc. has a market cap of $58.28 million and is expected to release its quarterly earnings report on Nov 09, 2022.
There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the DPRO stock, short term indicators assign the stock an average of 50% Buy, while medium term indicators assign it an average of 50% Buy. Long term indicators on average place the stock in the category of 50% Buy.
Based on estimates by 1 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 0 have rated the Draganfly Inc. (DPRO) stock as a Hold, while 1 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.
Looking further, we note the current price level is 61.60% off its SMA20 and 66.20% from its 50-day simple moving average. The RSI (14) is pointing at 72.43 while the volatility over the past week is 19.29% and jumps to 10.27% over the past one month. The average price target for the stock over the next 12 months is $2.00, with the estimates having a low of $2.00 and a high of $2.00. These price ends are -36.99% and -36.99% off the current price level respectively, although investors could be excited at the prospect of a -36.99% if the DPRO share price touches on the median price of $2.00.
Coming back to Draganfly Inc. (NASDAQ:DPRO), we note that the average 3-month trading volume was 438.37K, while that of the preceding 10-day period stands at 0.46 million. Current shares outstanding are 33.33 million.
The insiders hold 2.04% of the company’s shares while institutions hold 2.80%. The data shows that short shares as of Dec 29, 2022, stood at 0.31 million at a short ratio of 1.74. This represents a 0.93% short interest in shares outstanding on Dec 29, 2022. Shares short rose in December from the previous month at 0.31 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 94.67% up in year-to-date price movement.