Draganfly Sees Unusually High Options Volume (NASDAQ:DPRO)

Draganfly Inc. (NASDAQ:DPROGet Free Report) was the target of unusually large options trading activity on Monday. Traders purchased 39,364 call options on the stock. This represents an increase of 2,059% compared to the typical daily volume of 1,823 call options.

Draganfly Trading Up 16.1%

Draganfly stock traded up $0.72 during trading hours on Monday, hitting $5.19. 3,855,687 shares of the stock traded hands, compared to its average volume of 1,700,721. Draganfly has a one year low of $3.78 and a one year high of $14.40. The company has a market cap of $178.41 million, a PE ratio of -6.64 and a beta of 2.73. The firm’s 50-day moving average price is $4.61 and its two-hundred day moving average price is $5.61.

Draganfly (NASDAQ:DPROGet Free Report) last posted its quarterly earnings data on Monday, August 10th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.13). The firm had revenue of $3.75 million during the quarter, compared to the consensus estimate of $2.56 million. Draganfly had a negative return on equity of 26.61% and a negative net margin of 355.34%. On average, sell-side analysts expect that Draganfly will post -0.83 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Draganfly

Several hedge funds have recently bought and sold shares of DPRO. Concentric Capital Strategies LP bought a new position in shares of Draganfly during the fourth quarter valued at approximately $1,569,000. Vident Advisory LLC purchased a new position in shares of Draganfly during the fourth quarter valued at approximately $813,000. Virtu Financial LLC bought a new stake in shares of Draganfly in the 3rd quarter worth approximately $894,000. Marshall Wace LLP bought a new stake in shares of Draganfly in the 4th quarter worth approximately $751,000. Finally, Scientech Research LLC purchased a new stake in shares of Draganfly in the 3rd quarter worth approximately $514,000. Institutional investors own 10.39% of the company’s stock.

Wall Street Analysts Forecast Growth

DPRO has been the topic of several recent analyst reports. HC Wainwright began coverage on Draganfly in a report on Friday, May 29th. They issued a “buy” rating and a $14.00 price target on the stock. Needham & Company LLC reduced their target price on shares of Draganfly from $12.00 to $8.00 and set a “buy” rating on the stock in a report on Tuesday, August 11th. Northland Securities set a $13.00 target price on shares of Draganfly in a research report on Tuesday, May 12th. Wall Street Zen downgraded shares of Draganfly from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 15th. Finally, LADENBURG THALM/SH SH dropped their price objective on Draganfly from $12.75 to $11.50 and set a “buy” rating for the company in a research note on Thursday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $11.62.

Read Our Latest Analysis on Draganfly

Draganfly Company Profile

(Get Free Report)

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.

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