Draganfly (NASDAQ:DPRO) Now Covered by Maxim Group

Analysts at Maxim Group started coverage on shares of Draganfly (NASDAQ:DPRO) in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage set a “buy” rating and a $7.00 price target on the stock. Maxim Group’s price target would suggest a potential upside of 98.30% from the company’s previous close.

Separately, HC Wainwright boosted their price objective on Draganfly from $0.50 to $7.00 and gave the stock a “buy” rating in a research report on Friday, September 6th.

Draganfly Stock Up 19.3 %

Shares of NASDAQ DPRO opened at $3.53 on Wednesday. The company has a market cap of $174.00 million, a price-to-earnings ratio of -11.39 and a beta of 2.24. 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. The stock has a 50-day moving average price of $0.87 and a two-hundred day moving average price of $0.31.

Draganfly (NASDAQ:DPRO) last released its quarterly earnings data on Tuesday, August 13th. The company reported $0.00 earnings per share (EPS) for the quarter. Draganfly had a negative net margin of 303.16% and a negative return on equity of 1,845.76%. The business had revenue of $1.27 million during the quarter, compared to analysts’ expectations of $2.07 million. As a group, analysts forecast that Draganfly will post -5.03 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Draganfly

A hedge fund recently bought a new stake in Draganfly stock. Armistice Capital LLC purchased 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 (SEC). The fund purchased 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 (SEC). 10.39% of the stock is owned by institutional investors and hedge funds.

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.