HC Wainwright Issues Positive Forecast for Draganfly (NASDAQ:DPRO) Stock Price

Draganfly (NASDAQ:DPRO) had its price objective boosted by HC Wainwright from $5.00 to $7.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. HC Wainwright’s target price would indicate a potential upside of 56.25% from the company’s previous close.

Separately, Maxim Group began coverage on shares of Draganfly in a report on Wednesday, October 2nd. They set a “buy” rating and a $7.00 target price on the stock.

Draganfly Trading Down 2.2 %

NASDAQ DPRO opened at $4.48 on Monday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.54 and a current ratio of 1.94. Draganfly has a one year low of $1.55 and a one year high of $12.50. The company’s 50 day moving average price is $3.15 and its 200 day moving average price is $3.65. The firm has a market capitalization of $8.83 million, a price-to-earnings ratio of -1.11 and a beta of 2.58.

Institutional Investors Weigh In On Draganfly

Several hedge funds have recently modified their holdings of the stock. Ground Swell Capital LLC purchased a new position in Draganfly in the 3rd quarter worth approximately $28,000. Integrated Advisors Network LLC acquired a new position in shares of Draganfly during the third quarter worth $52,000. Finally, Armistice Capital LLC purchased a new position in shares of Draganfly in the second quarter valued at $1,515,000. 10.39% of the stock is currently owned by hedge funds and other institutional investors.

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.