Draganfly (NASDAQ:DPRO) Price Target Cut to $5.00 by Analysts at HC Wainwright

Draganfly (NASDAQ:DPRO) had its price objective decreased by HC Wainwright from $7.00 to $5.00 in a report issued on Friday,Benzinga reports. HC Wainwright currently has a buy rating on the stock.

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

Draganfly Trading Up 6.8 %

NASDAQ:DPRO opened at $2.51 on Friday. 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 1-year low of $1.55 and a 1-year high of $15.00. The firm has a market capitalization of $4.94 million, a price-to-earnings ratio of -0.62 and a beta of 2.24. The business’s 50-day moving average price is $2.64 and its two-hundred day moving average price is $4.18.

Institutional Trading of Draganfly

Hedge funds have recently added to or reduced their stakes in the business. Ground Swell Capital LLC bought a new stake in shares of Draganfly in the third quarter worth about $28,000. Integrated Advisors Network LLC acquired a new position in shares of Draganfly in the 3rd quarter valued at approximately $52,000. Finally, Armistice Capital LLC acquired a new position in shares of Draganfly in the 2nd quarter valued at approximately $1,515,000. Institutional investors and hedge funds own 10.39% of the company’s stock.

About Draganfly

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.