Draganfly (NASDAQ:DPRO) Releases Earnings Results, Misses Expectations By $0.14 EPS

Draganfly (NASDAQ:DPRO) released its quarterly earnings results on Thursday. The company reported ($0.79) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.65) by ($0.14), Zacks reports. Draganfly had a negative return on equity of 1,487.09% and a negative net margin of 227.25%.

Draganfly Stock Performance

DPRO traded down $0.01 during trading on Thursday, reaching $3.05. 159,307 shares of the company’s stock were exchanged, compared to its average volume of 193,577. The stock has a market capitalization of $6.01 million, a P/E ratio of -0.75 and a beta of 2.57. Draganfly has a 1 year low of $1.55 and a 1 year high of $9.13. The company’s fifty day simple moving average is $2.94 and its 200-day simple moving average is $3.09. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.94 and a quick ratio of 1.54.

Wall Street Analyst Weigh In

Separately, HC Wainwright raised their price target on Draganfly from $5.00 to $7.00 and gave the stock a “buy” rating in a report on Monday, December 23rd.

About Draganfly

Draganfly Inc develops, manufactures, and sells cutting-edge unmanned and remote data collection and analysis platforms and systems in the United States and Canada. The company offers quad-?copters, ???fixed wing ?aircrafts, ground based robots, handheld controllers, and flight training, as well as software ?used for tracking, live ???streaming, ?and data collection.