Draganfly (NASDAQ:DPRO) Posts Quarterly Earnings Results

Draganfly (NASDAQ:DPRO) issued its quarterly earnings data on Monday. The company reported ($0.33) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.22), FiscalAI reports. The firm had revenue of $3.75 million for the quarter, compared to analysts’ expectations of $2.56 million. Draganfly had a negative net margin of 292.88% and a negative return on equity of 27.88%.

Draganfly Stock Up 1.5%

DPRO traded up $0.07 during trading on Monday, reaching $4.72. The company had a trading volume of 1,073,861 shares, compared to its average volume of 1,780,998. The stock has a market cap of $162.25 million, a P/E ratio of -4.82 and a beta of 2.73. The business has a 50 day simple moving average of $5.16 and a 200-day simple moving average of $6.00. Draganfly has a 52 week low of $3.78 and a 52 week high of $14.40.

Analysts Set New Price Targets

DPRO has been the topic of a number of research analyst reports. HC Wainwright started coverage on Draganfly in a research report on Friday, May 29th. They issued a “buy” rating and a $14.00 target price on the stock. Northland Securities set a $13.00 price target on Draganfly in a report on Tuesday, May 12th. LADENBURG THALM/SH SH raised Draganfly to a “strong-buy” rating in a research note on Wednesday, May 6th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $12.00 price objective on shares of Draganfly in a report on Tuesday, May 19th. Two analysts have rated the stock with a Strong Buy rating and two have issued a Buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Strong Buy” and an average price target of $14.50.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. IFP Advisors Inc bought a new stake in shares of Draganfly in the 3rd quarter worth about $39,000. Wexford Capital LP bought a new position in Draganfly during the 3rd quarter valued at about $67,000. Royal Bank of Canada grew its holdings in Draganfly by 478.4% during the 4th quarter. Royal Bank of Canada now owns 8,647 shares of the company’s stock valued at $60,000 after purchasing an additional 7,152 shares during the last quarter. Qube Research & Technologies Ltd purchased a new stake in Draganfly in the 3rd quarter worth about $84,000. Finally, Jane Street Group LLC purchased a new stake in Draganfly in the 2nd quarter worth about $35,000. Institutional investors own 10.39% of the company’s stock.

Draganfly Company Profile

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.