Draganfly Inc. (NASDAQ:DPRO – Get Free Report) was the recipient of some unusual options trading activity on Tuesday. Stock investors bought 15,159 call options on the stock. This is an increase of approximately 227% compared to the average daily volume of 4,641 call options.
Institutional Trading of Draganfly
Several institutional investors and hedge funds have recently added to or reduced their stakes in DPRO. Jane Street Group LLC bought a new position in shares of Draganfly in the second quarter valued at about $35,000. XTX Topco Ltd bought a new position in shares of Draganfly in the second quarter valued at about $65,000. DNB Asset Management AS bought a new position in shares of Draganfly in the second quarter valued at about $340,000. Finally, Kieckhefer Group LLC raised its position in shares of Draganfly by 69.1% in the second quarter. Kieckhefer Group LLC now owns 200,657 shares of the company’s stock valued at $636,000 after purchasing an additional 82,000 shares during the period. 10.39% of the stock is owned by institutional investors.
Get Draganfly alerts:
Wall Street Analysts Forecast Growth
Several equities research analysts have commented on DPRO shares. HC Wainwright set a $9.00 target price on shares of Draganfly and gave the company a “buy” rating in a research note on Wednesday. Wall Street Zen downgraded shares of Draganfly from a “hold” rating to a “sell” rating in a research note on Saturday, September 13th. One analyst has rated the stock with a Buy rating, According to MarketBeat, Draganfly currently has an average rating of “Buy” and a consensus price target of $9.00.
Read Our Latest Stock Report on DPRO
Draganfly Stock Performance
Shares of DPRO stock opened at $9.25 on Thursday. The company’s fifty day simple moving average is $5.22 and its 200-day simple moving average is $3.60. The company has a quick ratio of 4.80, a current ratio of 5.29 and a debt-to-equity ratio of 0.01. The firm has a market cap of $50.23 million, a PE ratio of -5.41 and a beta of 2.57. Draganfly has a 12 month low of $1.63 and a 12 month high of $10.04.
Draganfly (NASDAQ:DPRO – Get Free Report) last posted its quarterly earnings results on Monday, August 11th. The company reported ($0.44) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.46) by $0.02. Draganfly had a negative net margin of 181.76% and a negative return on equity of 197.71%. The firm had revenue of $1.55 million for the quarter, compared to analyst estimates of $2.24 million. Equities research analysts expect that Draganfly will post -3.56 EPS for the current fiscal year.
About Draganfly
(Get Free Report)
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 quadcopters, fixed-wing aircraft, ground-based robots, handheld controllers, and flight training, as well as software used for tracking, live streaming, and data collection.
See Also
Five stocks we like better than Draganfly
Natural Gas Prices Continue To Rally, These Stocks Should Benefit
Datavault AI: The New AI Contender Backed by Big Funding
Top Stocks Investing in 5G Technology
CoreWeave: Why the New King of AI Infrastructure Has Room to Run
What is a Bond Market Holiday? How to Invest and Trade
Top 3 Dividend Achievers for October: High Yields, Growth Ahead