3 Nano Cap Stocks Investor’s Watch List: Draganfly Inc. (DPRO), BlueFire Equipment Corporation (BLFR), Sientra Inc. (SIEN)

Draganfly Inc. (NASDAQ: DPRO) stock fell -2.86% on Friday to $0.75 against a previous-day closing price of $0.77. With 0.22 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.14 million shares. During the session, the Aerospace & Defense company that operates in the wider Industrials sector, reached the highest price of $0.7900 whereas the lowest price it dropped to was $0.7400. The 52-week range on DPRO shows that it touched its highest point at $3.94 and its lowest point at $0.76 during that stretch.

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Price Performance

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of DPRO was down-trending over the past week, with a drop of -13.77%, but this was down by -18.25% over a month. Three-month performance dropped to -20.88% while six-month performance fell -70.93%. The stock lost -77.94% in the past year, while it has lost -53.98% so far this year.

BlueFire Equipment Corporation

BlueFire Equipment Corporation (BLFR) stock remained unchanged on Thursday at $0.0600 against a previous-day closing price. During the session, the company reached the highest price of $0.0700 whereas the lowest price it dropped to was $0.0600. The 52-week range on BLFR shows that it touched its highest point at $0.1200 and its lowest point at $0.0050 during that stretch. The company’s market cap reached $2,036,842, along with 33,947,368 shares outstanding.

BlueFire Equipment, Corp. (BLFR) has formally initiated the process for a change of both its official business name and trade ticker symbol. As an acquisition company geared toward the agricultural sector, BlueFire recently acquired Miracle Farm LLC. This business merger was followed by a complete restructure and business shift to fully unlock value in the agricultural sector. As a result, BlueFire has opted to rebrand itself as Farmies Inc. which will trade under the ticker, MIES.  This name replacement, according to CEO Nickolas Tabraue, reflects the shift in the corporate and strategic vision of the company.

BlueFire’s top management remains highly optimistic in terms of its directional shift, with high anticipation of forward-looking growth. The company seeks to position itself in a manner that will enable it to fully tap into the opportunities that are prevalent in farming and agriculture.

Sientra Inc.

Sientra Inc. (NASDAQ: SIEN) stock fell -4.43% on Friday to $0.52 against a previous-day closing price of $0.55. With 0.22 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.77 million shares. During the session, the Medical Devices company that operates in the wider Healthcare sector, reached the highest price of $0.5600 whereas the lowest price it dropped to was $0.5216. The 52-week range on SIEN shows that it touched its highest point at $6.14 and its lowest point at $0.52 during that stretch. It currently has a 1-year price target of $3.17. Beta for the stock currently stands at 1.92.

Float and Shares Shorts

At present, 62.65 million SIEN shares are outstanding with a float of 60.65 million shares on hand for trading. On Aug 30, 2022, short shares totaled 12.43 million, which was 19.79% higher than short shares on Jul 28, 2022. In addition to Mr. Ronald Menezes as the firm’s Pres, CEO & Director, Mr. Andrew C. Schmidt serves as its Sr. VP, Treasurer & CFO.

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