Draganfly (NASDAQ:DPRO) Trading Down 1.6% – Time to Sell?

Draganfly Inc. (NASDAQ:DPRO)’s share price dropped 1.6% during trading on Wednesday . The stock traded as low as $6.52 and last traded at $6.76. Approximately 2,483,316 shares were traded during mid-day trading, an increase of 10% from the average daily volume of 2,257,734 shares. The stock had previously closed at $6.87.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Wall Street Zen cut shares of Draganfly from a “hold” rating to a “sell” rating in a research note on Saturday, December 6th. Needham & Company LLC decreased their price objective on shares of Draganfly from $20.00 to $14.00 and set a “buy” rating for the company in a research report on Thursday, November 13th. LADENBURG THALM/SH SH raised Draganfly to a “strong-buy” rating in a report on Thursday, December 18th. Finally, Northland Securities set a $20.00 target price on Draganfly in a research report on Thursday, January 15th. Two analysts have rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Strong Buy” and a consensus price target of $16.75.

Draganfly Stock Performance

The company has a 50 day simple moving average of $7.93 and a 200 day simple moving average of $7.57. The company has a market capitalization of $35.89 million, a PE ratio of -3.57 and a beta of 2.66.

Institutional Investors Weigh In On Draganfly

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vident Advisory LLC acquired a new stake in Draganfly during the fourth quarter worth about $813,000. XTX Topco Ltd acquired a new stake in shares of Draganfly during the 4th quarter worth approximately $108,000. Millennium Management LLC acquired a new stake in shares of Draganfly during the 4th quarter worth approximately $249,000. Engineers Gate Manager LP purchased a new stake in shares of Draganfly during the 4th quarter valued at approximately $130,000. Finally, Concentric Capital Strategies LP acquired a new position in Draganfly in the fourth quarter valued at approximately $1,569,000. Institutional investors and hedge funds own 10.39% of the company’s stock.

About Draganfly

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.