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How to Buy Draganfly Stock

Draganfly Inc

Draganfly Inc. manufactures and sells commercial unmanned aerial vehicles worldwide. Its products include quadcopters, fixed wing aircrafts, ground based robots, and handheld controllers, as well as software used for tracking, live streaming, flight training, and data collection.

Draganfly stock last closed at $0.22, down 3.56% from the previous day, and has decreased 83.68% in one year. It has underperformed other stocks in the Aerospace & Defense industry by 1 percentage points. Draganfly stock is currently +66.92% from its 52-week low of $0.13, and -84.83% from its 52-week high of $1.43.

There are currently 49.23M DPRO shares outstanding. The market capitalization of DPRO is $10.68M. In the last 24 hours, 379,781 DPRO shares were traded.

How to Buy Draganfly Stock

Not sure how to invest in Draganfly stock? Here's how.
  1. Decide where to buy Draganfly stock: You need to pick a stock brokerage, but don't worry - we've researched dozens of online stock brokerages and apps to help you determine where to buy Draganfly stock.
  2. Open your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
  3. Deposit funds into your brokerage account: Choose your payment method and add your info.
  4. Research Draganfly stock: The Draganfly ticker symbol is DPRO. Is Draganfly stock a good investment? Should you buy shares of DPRO? How do DPRO's underlying business fundamentals look? Do top analysts think Draganfly is a good buy? Why has DPRO's stock price moved recently? (Hint: Our stock market analysis website can help you decide if DPRO is a good stock to buy).
  5. Place your DPRO purchase: Decide if you will purchase DPRO shares at the current market price or use a limit order to buy DPRO shares at a given price.
  6. Watch your DPRO position: Create a watchlist to monitor your investment in Draganfly stock.

Step 1: Decide where to buy Draganfly stock

You will need an online brokerage account to access the NASDAQ market and buy DPRO shares.

A brokerage account is an investment account that enables you to buy and sell a variety of financial instruments, such as stocks, bonds, mutual funds, and ETFs.

Our preferred brokerage: eToro

Based on our research, eToro is the best stock brokerage. eToro gives you:

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Step 2: Open your brokerage account

Now that you've selected the best brokerage, it's time to fill out some personal details so you can invest in DPRO today.

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  1. Click here to get started.
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  2. Provide your personal data to start a new brokerage account.
  1. Send your application by pressing the "Create Account" button.
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Step 3: Deposit funds into your brokerage account

Now that you've created your account on a good online stock trading app, you need to deposit funds:

Check out the video below if you need help depositing funds into your new investment account.

Get started with eToro today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Step 4: Research Draganfly stock

After you have selected the best place to buy Draganfly stock, it's important to analyze their stock prior to buying, so you actually understand the risk and upside.

Draganfly Numbers

DPRO Price
$0.22
1w %
-1.36%
1y %
-83.68%
5y %
N/A
P/E
-0.53x
P/B
35.9x
P/S
1.92x
PEG
N/A
Revenue
$4.78M
Earnings
-$17.23M
Fore. Rev. Growth
61.98%
Fore. Earn. Growth
N/A
Market Cap
$10.68M
Next Earnings
Aug 7, 2024
Next Dividend
N/A

Draganfly Overview

WallStreetZen was built to help everyday investors perform more accurate fundamental analysis in less time.

You can see all of the due diligence checks on DPRO's stock page.

Is DPRO stock properly valued?

Investors use many financial metrics, analyses, models, and charts to gauge DPRO's true value.

Using relative valuations ratios:

  • DPRO could be overvalued based on its P/B ratio of 35.9x, relative to Aerospace & Defense industry P/B ratio of 5.53x

You can access additional valuation analysis on DPRO's stock here.

DPRO Financial Overview

Positive Health Checks:

  • There are more short-term assets than long-term liabilities on the DPRO balance sheet.
  • Total DPRO debt is lower than 5 years ago, relative to shareholder equity.

Negative Health Checks:

  • DPRO has $2.26M in cash and short term investments. This is not sufficient to cover its annual cash burn of $14.03M.
  • There are more short-term liabilities than short-term assets on the DPRO balance sheet.
  • DPRO has cash burn of 14027057. It does not have enough cash and short-term investments to cover this.
  • DPRO has a relatively high debt to equity ratio of 19.43.
  • DPRO profit margin has gone up by 0.03 percentage points in the past year, but the company is still unprofitable.

Is DPRO stock a Buy, Hold, or Sell, according to analysts?

Out of 1 Wall Street analysts who track DPRO, the consensus analyst rating on Draganfly is a Buy

It's important to note that analyst ratings are not stock recommendations, nor are they financial advice.

You can dig deeper into what analysts are saying on the Draganfly stock forecast page.

DPRO Technical Indicators

SMA10
157.16
SMA20
157.91
SMA50
156.66
SMA100
150.26
SMA200
138.28
MACD
-0.72
MACD Signal
0.32
MACD Histogram
-1.05
RSI
40.87
Stochastic %K
13.87
Stochastic %D
15.33
StochRSI %K
3.65
StochRSI %D
2.11

DPRO Revenue

Last year, DPRO revenue was $4.78M. During the last five year, DPRO's revenue has grown by 36.83% per year. This was faster than the Aerospace & Defense industry average of 7.84%.

Dive into DPRO's earnings and revenue performance here.

Who is buying/selling DPRO?

In the last 12 months, executives and large shareholders at DPRO have not bought or sold any shares.

Dig into more about who owns DPRO stock here.

Does DPRO provide a stable income stream?

No, Draganfly doesn't provide an income stream by paying out dividends.

What others are saying about DPRO

One of the major reasons eToro is our favorite brokerage is because of its social trading community.

Click below to find out what other investors have to say.

Step 5: Place your DPRO purchase

You have two main types of orders:

  • Market order: A market order is an order to buy or sell a stock at the best price on the market.
    Market orders are usually fine for most investors.
  • Limit order: A limit order is an order to buy or sell a stock at a specific price (or better).
    If you want to be certain you're buying or selling at an exact dollar amount limit, place a limit order.

Hit the Open Trade button and eToro will place your order.

If you require additional help buying stocks on eToro, watch the how to video below:

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Step 6: Watch your DPRO position

Now that you own some shares in DPRO, you'll want to keep up with your company.

Add DPRO to a watchlist to see the latest developments about your DPRO stock.

DPRO Feed

How to Buy Stock in Draganfly

To reiterate, here are the 6 steps you need to take to buy Draganfly stock right now:

  1. Decide where to buy Draganfly stock
  2. Open your brokerage account
  3. Deposit funds into your brokerage account
  4. Research Draganfly stock
  5. Place your DPRO purchase
  6. Watch your DPRO position

If you need a brokerage account, eToro is our recommended venue.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you want to monitor your new investment in Draganfly, hit the button below to create your watchlist.

NASDAQ: DPRO
$0.22-0.01 (-3.56%)
Updated Jun 20, 2024
Open eToro Account
NASDAQ: DPRO
$0.22-0.01 (-3.56%)
Updated Jun 20, 2024
Open eToro Account

FAQ

How much does it cost to buy one Draganfly share?

As of Jun 20, 2024, it costs $0.22 to buy one share of Draganfly stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $0.11, you can buy 0.5 shares of DPRO.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Draganfly stock?

According to 1 Wall Street analysts who monitor Draganfly, their consensus recommendation is to buy Draganfly stock.

What is the best way to buy Draganfly stock?

One way to place an order for Draganfly stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.