Draganfly Sees Unusually High Options Volume (NASDAQ:DPRO)

Draganfly Inc. (NASDAQ:DPRO) saw unusually large options trading activity on Monday. Investors purchased 39,364 call options on the stock. This represents an increase of 2,059% compared to the typical volume of 1,823 call options.

Draganfly Price Performance

Shares of NASDAQ:DPRO traded up $0.72 during midday trading on Monday, hitting $5.19. 3,855,687 shares of the company’s stock were exchanged, compared to its average volume of 1,700,721. The company has a market cap of $178.41 million, a PE ratio of -6.64 and a beta of 2.73. Draganfly has a 12 month low of $3.78 and a 12 month high of $14.40. The stock has a 50 day moving average price of $4.61 and a 200-day moving average price of $5.61.

Draganfly (NASDAQ:DPRO) last posted its earnings results on Monday, August 10th. The company reported ($0.24) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.13). Draganfly had a negative net margin of 355.34% and a negative return on equity of 26.61%. The company had revenue of $3.75 million during the quarter, compared to the consensus estimate of $2.56 million. On average, analysts anticipate that Draganfly will post -0.83 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on DPRO. Needham & Company LLC lowered 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. Wall Street Zen downgraded Draganfly from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 15th. Northland Securities set a $13.00 target price on Draganfly in a report on Tuesday, May 12th. LADENBURG THALM/SH SH reduced their target price on Draganfly from $12.75 to $11.50 and set a “buy” rating on the stock in a report on Thursday, August 13th. Finally, HC Wainwright started coverage on Draganfly in a report on Friday, May 29th. They set a “buy” rating and a $14.00 price target for the company. One analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of $11.62.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Concentric Capital Strategies LP purchased a new position in shares of Draganfly in the 4th quarter worth about $1,569,000. Vident Advisory LLC purchased a new stake in shares of Draganfly during the 4th quarter valued at approximately $813,000. Virtu Financial LLC bought a new position in shares of Draganfly in the third quarter worth $894,000. Marshall Wace LLP purchased a new position in shares of Draganfly in the fourth quarter valued at $751,000. Finally, Scientech Research LLC purchased a new position in shares of Draganfly in the third quarter valued at $514,000. Hedge funds and other institutional investors 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.