Draganfly Target of Unusually High Options Trading (NASDAQ:DPRO)

Draganfly Inc. (NASDAQ:DPRO) was the target of some unusual options trading activity on Monday. Stock traders bought 39,364 call options on the stock. This is an increase of 2,059% compared to the average daily volume of 1,823 call options.

Wall Street Analyst Weigh In

DPRO has been the topic of several recent research reports. Wall Street Zen lowered shares of Draganfly from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 15th. LADENBURG THALM/SH SH cut their price objective on Draganfly from $12.75 to $11.50 and set a “buy” rating for the company in a research report on Thursday, August 13th. Needham & Company LLC reduced their price objective on Draganfly from $12.00 to $8.00 and set a “buy” rating for the company in a research note on Tuesday, August 11th. HC Wainwright assumed coverage on Draganfly in a report on Friday, May 29th. They issued a “buy” rating and a $14.00 target price on the stock. Finally, Northland Securities set a $13.00 target price on Draganfly in a report on Tuesday, May 12th. One analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $11.62.

Institutional Trading of Draganfly

Large investors have recently added to or reduced their stakes in the company. IFP Advisors Inc acquired a new stake in shares of Draganfly in the third quarter worth $39,000. Purpose Unlimited Inc. acquired a new position in Draganfly during the fourth quarter valued at $43,000. Wexford Capital LP acquired a new position in Draganfly during the third quarter valued at $67,000. Royal Bank of Canada lifted its stake in Draganfly by 478.4% in the 4th quarter. Royal Bank of Canada now owns 8,647 shares of the company’s stock worth $60,000 after acquiring an additional 7,152 shares in the last quarter. Finally, GK Wealth Management LLC purchased a new stake in Draganfly in the 2nd quarter worth about $55,000. 10.39% of the stock is owned by institutional investors and hedge funds.

Draganfly Price Performance

Shares of DPRO opened at $5.38 on Wednesday. Draganfly has a one year low of $3.78 and a one year high of $14.40. The company has a 50-day moving average of $4.61 and a two-hundred day moving average of $5.59. The stock has a market cap of $184.94 million, a price-to-earnings ratio of -6.90 and a beta of 2.80.

Draganfly (NASDAQ:DPRO) last released its quarterly earnings results on Monday, August 10th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.13). The firm had revenue of $1.93 million for the quarter, compared to analyst estimates of $2.56 million. Draganfly had a negative net margin of 355.34% and a negative return on equity of 26.61%. The business’s quarterly revenue was up 26.0% compared to the same quarter last year. Analysts anticipate that Draganfly will post -0.83 earnings per share for the current year.

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.