Draganfly (NASDAQ:DPRO) Stock Price Down 1.5% – Should You Sell?

Draganfly Inc. (NASDAQ:DPRO) shares were down 1.5% during mid-day trading on Thursday . The company traded as low as $6.42 and last traded at $6.66. Approximately 2,237,281 shares traded hands during trading, a decline of 1% from the average daily volume of 2,256,082 shares. The stock had previously closed at $6.76.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on DPRO. LADENBURG THALM/SH SH raised Draganfly to a “strong-buy” rating in a research note on Thursday, December 18th. Needham & Company LLC reduced their price objective on shares of Draganfly from $20.00 to $14.00 and set a “buy” rating for the company in a report on Thursday, November 13th. Northland Securities set a $20.00 price target on Draganfly in a report on Thursday, January 15th. Finally, Wall Street Zen lowered shares of Draganfly from a “hold” rating to a “sell” rating in a research note on Saturday, December 6th. Two analysts have rated the stock with a Strong Buy rating and two have assigned a Buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Strong Buy” and an average price target of $16.75.

Draganfly Stock Down 1.5%

The firm has a 50 day moving average of $7.96 and a 200 day moving average of $7.57. The firm has a market cap of $36.16 million, a PE ratio of -3.60 and a beta of 2.66.

Institutional Investors Weigh In On Draganfly

Large investors have recently added to or reduced their stakes in the company. Jones Financial Companies Lllp raised its stake in Draganfly by 224.3% in the 3rd quarter. Jones Financial Companies Lllp now owns 3,399 shares of the company’s stock valued at $28,000 after acquiring an additional 2,351 shares during the period. IFP Advisors Inc purchased a new position in shares of Draganfly in the third quarter worth about $39,000. Royal Bank of Canada raised its position in shares of Draganfly by 478.4% in the fourth quarter. Royal Bank of Canada now owns 8,647 shares of the company’s stock valued at $60,000 after purchasing an additional 7,152 shares during the period. CWM LLC bought a new stake in shares of Draganfly in the third quarter valued at approximately $61,000. Finally, Wexford Capital LP purchased a new stake in shares of Draganfly during the 3rd quarter valued at approximately $67,000. Hedge funds and other institutional investors own 10.39% of the company’s stock.

About Draganfly

Draganfly Inc (NASDAQ: DPRO) is a Canada-based developer and manufacturer of unmanned aerial systems (UAS) and related software solutions for commercial, government and academic applications. Headquartered in Saskatoon, Saskatchewan, the company specializes in designing lightweight, modular drones that integrate advanced sensor payloads—including high-resolution imaging, multispectral and thermal cameras—to gather aerial data across a range of industries.

The company’s core offerings include turnkey UAS platforms, data-capture payloads and proprietary analytics software that enable clients to perform precision agriculture monitoring, land surveying, infrastructure inspection and environmental assessment.