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Stock impact report

Draganfly (CNSX:DPRO) Valuation Check After New Buy Rating and Asia-Pacific Defense Collaboration [Yahoo! Finance]

Draganfly Inc. - Common Shares (DPRO) 
Company Research Source: Yahoo! Finance
See our latest analysis for Draganfly. Those twin catalysts seem to have lit a fire under sentiment, with the 1 day share price return of 21.94 percent helping extend a year to date share price gain of 78.33 percent. This comes even as the 3 year total shareholder return remains sharply negative and highlights how early any turnaround still is. If you are watching how defense and security themes are reshaping small caps, it might also be a good time to explore aerospace and defense stocks for more potential ideas beyond Draganfly. With revenue growing fast but losses still deep and the share price already up sharply this year, the key question now is whether Draganfly is still trading below its true potential or if markets are already pricing in future growth. On a last close of CA$10.45, Draganfly trades at a steep premium, with a price-to-sales ratio of 32.7 times that screens as richly valued versus peers. The price-to-sales multiple compares the company's market value t Show less Read more
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