The trading price of Draganfly Inc (NASDAQ:DPRO) closed higher on Thursday, March 29, closing at $0.19, 2.70% higher than its previous close.
In examining the 52-week price action we see that the stock hit a 52-week high of $1.68 and a 52-week low of $0.13. Over the past month, the stock has gained 14.47% in value.
Draganfly Inc, whose market valuation is $12.21 million at the time of this writing, is expected to release its quarterly earnings report May 07, 2024 – May 13, 2024. Investors’ optimism about the company’s current quarter earnings report is understandable.
A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of Draganfly Inc No upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest DPRO has a 50% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Sell, while an average of long term indicators suggests that the stock is currently 100% Sell.
A quick review shows that DPRO’s price is currently 9.10% off the SMA20 and -31.99% off the SMA50. The RSI metric on the 14-day chart is currently showing 42.10, and weekly volatility stands at 6.48%. When measured over the past 30 days, the indicator reaches 10.03%. Draganfly Inc (NASDAQ:DPRO)’s beta value is currently sitting at 1.37, while the Average True Range indicator is currently displaying 0.02.
To see how Draganfly Inc stock has been performing in comparison to its peers in the industry, here are the numbers: DPRO stock’s performance was 2.70% in the latest trading, and -86.72% in the past year.
An evaluation of the daily trading volume of Draganfly Inc (NASDAQ:DPRO) indicates that the 3-month average is 1.03 million. However, this figure has increased over the past 10 days to an average of 1.08 million.
Currently, records show that 64.29 million of the company’s shares remain outstanding. The insiders hold 2.80% of outstanding shares, whereas institutions hold 8.75%. The stats also highlight that short interest as of Mar 15, 2024, stood at 0.37 million shares, resulting in a short ratio of 0.16 at that time. From this, we can conclude that short interest is 0.58% of the company’s total outstanding shares. It is noteworthy that short shares in March were down slightly from the previous month’s figure, which was 0.51 million. However, since the stock’s price has seen -60.40% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
