Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Draganfly ( (TSE:DPRO) ) has shared an update.
Draganfly Inc. announced the closing of a US$25 million registered direct offering, involving the sale of 4,672,895 units at a price of US$5.35 per unit. The proceeds are intended for general corporate purposes, including funding new product demand, growth initiatives, and research and development. This financial move is expected to bolster Draganfly’s capabilities in meeting market demands and enhancing its industry positioning.
The most recent analyst rating on (TSE:DPRO) stock is a Buy with a C$7.00 price target. To see the full list of analyst forecasts on Draganfly stock, see the TSE:DPRO Stock Forecast page.
Spark’s Take on TSE:DPRO Stock
According to Spark, TipRanks’ AI Analyst, TSE:DPRO is a Neutral.
Draganfly’s score reflects significant financial challenges and unattractive valuation, partially offset by strong technical momentum, strategic partnerships, and positive corporate events. The financial health remains a critical risk factor, necessitating improvements in profitability and cash flow for a more favorable outlook.
To see Spark’s full report on TSE:DPRO stock, click here.
More about Draganfly
Draganfly Inc. is a pioneer in drone solutions, AI-driven software, and robotics, with over 25 years of innovation. The company provides technology solutions for public safety, agriculture, industrial inspections, security, mapping, and surveying, aiming to deliver efficient, reliable, and industry-leading technology.
YTD Price Performance: 27.82%
Average Trading Volume: 49,189
Technical Sentiment Signal: Buy
Current Market Cap: C$40.7M
See more data about DPRO stock on TipRanks’ Stock Analysis page.