Draganfly Inc (NASDAQ:DPRO) price on Friday, May 10, rose 2.21% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $0.25.
A look at the stock’s price movement, the level at last check in today’s session was $0.25. Turning to its 52-week performance, $1.48 and $0.13 were the 52-week high and 52-week low respectively. Overall, DPRO moved 2.75% over the past month.
Draganfly Inc’s market cap currently stands at around $16.32 million.
Turning to the stock’s technical picture we see that short term indicators suggest on average that DPRO is a Hold. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
DPRO’s current price about 2.93% and 18.42% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 54.16, while 7-day volatility ratio is 13.05% and 13.46% in the 30-day chart. Further, Draganfly Inc (DPRO) has a beta value of 1.24, and an average true range (ATR) of 0.03.
If we refocus on Draganfly Inc (NASDAQ:DPRO), historical trading data shows that trading volumes averaged 1.46 million over the past 3 months. The company’s latest data on shares outstanding shows there are 64.29 million shares.
The 2.48% of Draganfly Inc’s shares are in the hands of company insiders while institutional holders own 8.19% of the company’s shares. Current price change has pushed the stock -47.05% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the DPRO stock continues to rise going into the next quarter.
