Draganfly Inc [DPRO] stock is trading at $0.17, up 2.82%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The DPRO shares have gain 2.69% over the last week, with a monthly amount drifted -53.04%, and not seem to be holding up well over a long-time horizon.
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On 26, February 2024, Draganfly Announces Closing of US$3.6 Million Underwritten Public Offering. In a post published today on Yahoo Finance, Draganfly Inc. (NASDAQ: DPRO) (CSE: DPRO) (FSE: 3U8A) (“Draganfly” or the “Company”), a drone solutions, and systems developer, today announced the closing of its previously announced underwritten public offering (the “Offering”) of 13,400,000 units, with each unit consisting of one common share (or one pre-funded warrant to purchase one common share in lieu thereof) and one warrant to purchase one common share. Each unit was sold at a public offering price of US$0.27, for gross proceeds of approximately US$3.6 million, before deducting underwriting discounts and offering expenses. The warrants have an exercise price of US$0.36 per share, were exercisable immediately and will expire five years following the date of issuance.
From an analyst’s perspective:
Draganfly Inc [DPRO] stock has fluctuated between $0.13 and $2.45 over the past year. Currently, Wall Street analysts expect the stock to reach $3.5 within the next 12 months. Draganfly Inc [NASDAQ: DPRO] shares were valued at $0.17 at the most recent close of the market. An investor can expect a potential return of 1958.82% based on the average DPRO price forecast.
Analyzing the DPRO fundamentals
Draganfly Inc [NASDAQ:DPRO] reported sales of 5.16M for the trailing twelve months, which represents a growth of 10.97%. Gross Profit Margin for this corporation currently stands at 0.02% with Operating Profit Margin at -2.91%, Pretax Profit Margin comes in at -5.18%, and Net Profit Margin reading is -7.4%. To continue investigating profitability, this company’s Return on Assets is posted at -5.63, Equity is -5.22 and Total Capital is -4.47. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.25.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 0.1663 points at the first support level, and at 0.1612 for the second support level. However, for the 1st resistance point, the stock is sitting at 0.1776, and for the 2nd resistance point, it is at 0.1838.
Ratios To Look Out For
For context, Draganfly Inc’s Current Ratio is 1.58. Further, the Quick Ratio stands at 1.18, while the Cash Ratio is 0.53. Considering the valuation of this stock, the price to sales ratio is 1.46, the price to book ratio is 2.59.
