Draganfly (NASDAQ:DPRO) Posts Earnings Results, Misses Expectations By $0.14 EPS

Draganfly (NASDAQ:DPRO) posted its earnings results on Thursday. The company reported ($0.79) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.65) by ($0.14), Zacks reports. Draganfly had a negative net margin of 227.25% and a negative return on equity of 1,487.09%.

Draganfly Price Performance

Draganfly stock traded down $0.01 during trading on Thursday, reaching $3.05. The company had a trading volume of 159,307 shares, compared to its average volume of 193,577. The firm has a market capitalization of $6.01 million, a PE ratio of -0.75 and a beta of 2.57. The firm’s 50-day simple moving average is $2.94 and its 200 day simple moving average is $3.09. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.54 and a current ratio of 1.94. Draganfly has a 1-year low of $1.55 and a 1-year high of $9.13.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright increased their target price on shares of Draganfly from $5.00 to $7.00 and gave the stock a “buy” rating in a research note on Monday, December 23rd.

Draganfly Company Profile

Draganfly Inc develops, manufactures, and sells cutting-edge unmanned and remote data collection and analysis platforms and systems in the United States and Canada. The company offers quad-?copters, ???fixed wing ?aircrafts, ground based robots, handheld controllers, and flight training, as well as software ?used for tracking, live ???streaming, ?and data collection.