The stock of Draganfly Inc (DPRO) has gone down by -15.78% for the week, with a -27.61% drop in the past month and a -54.09% drop in the past quarter. The volatility ratio for the week is 11.53%, and the volatility levels for the past 30 days are 18.78% for DPRO. The simple moving average for the last 20 days is -14.63% for DPRO stock, with a simple moving average of -58.53% for the last 200 days.
Is It Worth Investing in Draganfly Inc (NASDAQ: DPRO) Right Now?
The stock has a 36-month beta value of 1.21.
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The public float for DPRO is 70.05M, and at present, short sellers hold a 2.25% of that float. On August 26, 2024, the average trading volume of DPRO was 4.53M shares.
DPRO) stock’s latest price update
Draganfly Inc (NASDAQ: DPRO) has seen a decline in its stock price by -10.01 in relation to its previous close of 0.14. However, the company has experienced a -15.78% decline in its stock price over the last five trading sessions. globenewswire.com reported 2024-08-23 that Vancouver, BC., Aug. 23, 2024 (GLOBE NEWSWIRE) — Draganfly Inc. (NASDAQ: DPRO) (CSE: DPRO) (FSE: 3U8) (“Draganfly” or the “Company”), an award-winning, industry-leading drone solutions and systems developer, announces that the board of directors of the Company (the “Board”) has approved the consolidation of its issued and outstanding common shares (“Common Shares”) on the basis of one post-consolidated Common Share for every 25 pre-consolidated Common Shares (the “Consolidation”). The Consolidation is being implemented to ensure that the Company complies with the listing requirements of the Nasdaq.
DPRO Trading at -32.63% from the 50-Day Moving Average
After a stumble in the market that brought DPRO to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -87.86% of loss for the given period.
Volatility was left at 18.78%, however, over the last 30 days, the volatility rate increased by 11.53%, as shares sank -25.41% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -42.09% lower at present.
During the last 5 trading sessions, DPRO fell by -15.01%, which changed the moving average for the period of 200-days by -79.40% in comparison to the 20-day moving average, which settled at $0.1457. In addition, Draganfly Inc saw -73.67% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for DPRO
Current profitability levels for the company are sitting at:
- -2.59 for the present operating margin
- 0.24 for the gross margin
The net margin for Draganfly Inc stands at -3.04. The total capital return value is set at 7.26. Equity return is now at value -583.64, with -163.06 for asset returns.
Based on Draganfly Inc (DPRO), the company’s capital structure generated -0.11 points at debt to capital in total, while cash flow to debt ratio is standing at -36.79.
Currently, EBITDA for the company is -22.17 million with net debt to EBITDA at 0.31. When we switch over and look at the enterprise to sales, we see a ratio of 1.14. The receivables turnover for the company is 6.96for trailing twelve months and the total asset turnover is 0.62. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.69.
Conclusion
To sum up, Draganfly Inc (DPRO) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
