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 $2.66, up 1.92% from the previous day, and has decreased 59.57% in one year. It has underperformed other stocks in the Aerospace & Defense industry by 0.73 percentage points. Draganfly stock is currently +71.61% from its 52-week low of $1.55, and -70.85% from its 52-week high of $9.13.
There are currently 5.43M DPRO shares outstanding. The market capitalization of DPRO is $14.44M. In the last 24 hours, 49,130 DPRO shares were traded.
How to Buy Draganfly Stock
Not sure how to invest in Draganfly stock? Here's how.
- 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.
- Open your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
- Deposit funds into your brokerage account: Choose your payment method and add your info.
- 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).
- 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.
- 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.
Our preferred brokerage: eToro
Based on our research, eToro is the best stock brokerage. eToro gives you:
- You can invest in stocks with zero commissions: Invest without paying trading commissions.
- Buy fractional shares: Even if you can't afford a full share, you can still purchase the stock.
- Access to global financial markets: From Tech to Energy, New York to Shanghai (for US users, only US stocks are available) — you can fill your portfolio with stocks from the world's top stock exchanges.
- Social investing: eToro has a community with more than 20 million users around the world. Talk to, learn from, and copy the crypto trades of top investors.
- Security: eToro is a regulated and licensed brokerage platform.
- Buy other financial assets: Such as ETFs and cryptos.
Get $10 towards your stock purchase by signing up for an account with eToro today. This offer is only for US users.
Open eToro AccountStep 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.
How to Create a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Provide your personal data to start a new brokerage account.
- Send your application by pressing the "Create Account" button. Get started with eToro today
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.
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
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 undervalued based on its P/B ratio of 4.5x, relative to Aerospace & Defense industry P/B ratio of 5.66x
You can access additional valuation analysis on DPRO's stock here.
DPRO Financial Overview
Positive Health Checks:
- There are more short-term assets than short-term liabilities on the DPRO balance sheet.
- DPRO has $4.34M in cash and short term investments. This is enough to cover its annual cash burn of $8.26M.
- There are more short-term assets than long-term liabilities on the DPRO balance sheet.
Negative Health Checks:
- DPRO has cash burn of 8262225. It does not have sufficient cash and short-term investments to cover this.
- DPRO has a relatively high debt to equity ratio of 1.21.
- Total DPRO debt is higher than 5 years ago, relative to shareholder equity.
- DPRO profit margin has gone up by 1.49 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
DPRO Revenue
Last year, DPRO revenue was $4.56M. During the last five year, DPRO's revenue has grown by 34.02% per year. This was faster than the Aerospace & Defense industry average of 8.26%.
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:
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:
- Decide where to buy Draganfly stock
- Open your brokerage account
- Deposit funds into your brokerage account
- Research Draganfly stock
- Place your DPRO purchase
- Watch your DPRO position
If you need a brokerage account, eToro is our recommended venue.
Get Started with eToro TodayIf you want to monitor your new investment in Draganfly, hit the button below to create your watchlist.
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