Draganfly (NASDAQ:DPRO) Stock Price Down 1.6% – Should You Sell?

Shares of Draganfly Inc. (NASDAQ:DPRO) fell 1.6% on Wednesday . The company traded as low as $6.52 and last traded at $6.76. 2,483,316 shares traded hands during mid-day trading, an increase of 10% from the average session volume of 2,257,734 shares. The stock had previously closed at $6.87.

Wall Street Analysts Forecast Growth

DPRO has been the topic of a number of recent research reports. Wall Street Zen lowered Draganfly from a “hold” rating to a “sell” rating in a research report on Saturday, December 6th. Northland Securities set a $20.00 price objective on shares of Draganfly in a research note on Thursday, January 15th. Needham & Company LLC dropped their price objective on shares of Draganfly from $20.00 to $14.00 and set a “buy” rating on the stock in a report on Thursday, November 13th. Finally, LADENBURG THALM/SH SH raised shares of Draganfly to a “strong-buy” rating in a report on Thursday, December 18th. Two investment analysts have rated the stock with a Strong Buy rating and two have given a Buy rating to the company’s stock. According to data from MarketBeat, Draganfly has an average rating of “Strong Buy” and an average target price of $16.75.

Draganfly Stock Performance

The firm has a market cap of $36.69 million, a price-to-earnings ratio of -3.65 and a beta of 2.66. The business’s 50 day moving average price is $7.98 and its 200 day moving average price is $7.58.

Institutional Investors Weigh In On Draganfly

Hedge funds have recently modified their holdings of the company. Vident Advisory LLC purchased a new position in shares of Draganfly in the 4th quarter valued at about $813,000. XTX Topco Ltd acquired a new stake in Draganfly in the fourth quarter valued at approximately $108,000. Millennium Management LLC purchased a new stake in shares of Draganfly in the fourth quarter valued at approximately $249,000. Engineers Gate Manager LP purchased a new stake in shares of Draganfly in the fourth quarter valued at approximately $130,000. Finally, Concentric Capital Strategies LP acquired a new position in shares of Draganfly during the 4th quarter worth approximately $1,569,000. 10.39% of the stock is owned by hedge funds and other institutional investors.

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.