A Few Bright Spots In Draganfly Inc (NASDAQ: DPRO)

Draganfly Inc (NASDAQ:DPRO) currently has a daily average trading volume of 4.40M but it saw 5764887 shares traded in last market. With a market cap of 9.09M USD, the company’s current market price of $0.13 came falling about -11.76 while comparing to the previous closing price of $0.14. In past 52 weeks, the stock remained buoying in the range of price level as high as $1.04 and as low as $0.10. In the recent trading on the day, stock has struck highest price mark of $0.124 while lowest mark touched by it was $0.1499.

Taking a look at 20-day trading activity of Draganfly Inc (DPRO) gives us an average price of $0.1661, while its current price level is -87.74% below from 52-week high level whereas it is 32.88% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $0.2032 while that of 200 days or SMA-200 reads an average of $0.3213. A closer look into the stock’s movement over the week reveals that its volatility is standing at 45.30% during that period while stretching the period over a month that decreases to 19.56%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 36.03 which implies that the stock is in neutral territory.

Over the week, DPRO’s stock price is moving -24.96% down while it is -45.74% when we observe its performance for the past one month. Year-to-date it is -73.41% down and over the past year, the stock is showing a downside performance of -86.28%.

Currently, Draganfly Inc’s total number of outstanding shares is 71.30M with 1.68% of that held by the insiders while 1.07% of its common stock has been owned by the institutions. Company’s return on equity (ROE) at -583.64%. Stock’s beta reads 1.25. Stock has a price to sale or P/S ratio amounts to 1.66. Its return on asset (ROA) is -163.06% on average.