What is Draganfly Inc. (DPRO) Stock Return on Shareholders’ Capital?

Draganfly Inc. (NASDAQ: DPRO) stock jumped 14.41% on Friday to $1.27 against a previous-day closing price of $1.11. With 0.6 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.43 million shares. During the session, the Aerospace & Defense company that operates in wider Industrials sector, reached to the highest price of $1.3100 whereas the lowest price it dropped to was $1.1700. The 52-week range on DPRO shows that it touched its highest point at $3.84 and its lowest point at $0.50 during that stretch.

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Price Performance and Earnings:

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 up-trending over the past week, with a rise of 40.91%, but this was up by 30.85% over a month. Three-month performance surged to 75.17% while six-month performance rose 44.53%. The stock lost -7.97% in the past year, while it has gained 69.33% so far this year.

Float and Shares Shorts:

At present, 33.33 million DPRO shares are outstanding with a float of 33.11 million shares on hand for trading. On Oct 13, 2022, short shares totaled 0.36 million, which was 1.07% higher than short shares on Sep 14, 2022. In addition to Mr. Cameron Chell as the firm’s Pres, CEO & Director, Mr. Paul Sun C.F.A., M.B.A., P.Eng. serves as its CFO & Corp. Sec.

Institutional Ownership:

Through their ownership of 2.52% of DPRO’s outstanding shares, institutional investors have minority control over the company. Other institutions hold — of DPRO, in contrast to — held by mutual funds. Shares owned by individuals account for –. With a 0.75% stake in DPRO, the AlphaCentric Robotics & Automatio is the largest stakeholder. A total of 250,000 shares are owned by the mutual fund manager. The Fidelity Nasdaq Composite Index F, which owns about 0.05% of DPRO stock, is the second-largest Mutual Fund holder. It holds 18,003 shares valued at 13502.0. AdvisorShares Drone Technology ET holds 0.03% of the stake in DPRO, owning 8,899 shares worth 6674.0.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for DPRO since 1 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With DPRO analysts setting a high price target of $2.00 and a low target of $2.00, the average target price over the next 12 months is $2.00. Based on these targets, DPRO could surge 57.48% to reach the target high and rise by 57.48% to reach the target low. Reaching the average price target will result in a growth of 57.48% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. DPRO will report FY 2022 earnings on 02/28/2024. Analysts have provided yearly estimates in a range of -$0.35 being high and -$0.35 being low. For DPRO, this leads to a yearly average estimate of -$0.35. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Draganfly Inc. surprised analysts by -$0.03 when it reported -$0.15 EPS against a consensus estimate of -$0.12. Based on analyst estimates, the high estimate for the next quarter is -$0.10 and the low estimate is -$0.10. The average estimate for the next quarter is thus -$0.10.

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