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

Draganfly (NASDAQ:DPRO) announced its quarterly earnings results on Thursday. The company reported ($0.79) EPS for the quarter, missing analysts’ consensus estimates 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 Stock Performance

Shares of NASDAQ:DPRO traded down $0.01 on Thursday, reaching $3.05. 158,291 shares of the company’s stock were exchanged, compared to its average volume of 193,577. The company has a current ratio of 1.94, a quick ratio of 1.54 and a debt-to-equity ratio of 0.07. Draganfly has a twelve month low of $1.55 and a twelve month high of $9.13. The company has a fifty day moving average of $2.94 and a 200-day moving average of $3.09. The company has a market capitalization of $6.01 million, a price-to-earnings ratio of -0.75 and a beta of 2.57.

Analyst Upgrades and Downgrades

Separately, HC Wainwright increased their target price on 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.