Draganfly Stock Probability of Future Stock Price Finishing Over 0.264

DPRO Stock  USD 0.26  0  1.54%   
Draganfly's implied volatility is one of the determining factors in the pricing options written on Draganfly. Implied volatility approximates the future value of Draganfly based on the option's current value. Options with high implied volatility have higher premiums and can be used to hedge the downside of investing in Draganfly over a specific time period. For example, 2024-06-21 PUT at $5.0 is a PUT option contract on Draganfly's common stock with a strick price of 5.0 expiring on 2024-06-21. The contract was not traded in recent days and, as of today, has 31 days remaining before the expiration. The option is currently trading at a bid price of $4.5, and an ask price of $4.9. The implied volatility as of the 21st of May is 1128.56. View All Draganfly options

Closest to current price Draganfly long PUT Option Payoff at Expiration

Draganfly's future price is the expected price of Draganfly instrument. It is based on its current growth rate as well as the projected cash flow expected by the investors. This tool provides a mechanism to make assumptions about the upside potential and downside risk of Draganfly performance during a given time horizon utilizing its historical volatility. Check out Draganfly Backtesting, Draganfly Valuation, Draganfly Correlation, Draganfly Hype Analysis, Draganfly Volatility, Draganfly History as well as Draganfly Performance.
To learn how to invest in Draganfly Stock, please use our How to Invest in Draganfly guide.
  
At this time, Draganfly's Price Book Value Ratio is very stable compared to the past year. As of the 21st of May 2024, Price To Book Ratio is likely to grow to 68.98, while Price To Sales Ratio is likely to drop 3.88. Please specify Draganfly's target price for which you would like Draganfly odds to be computed.

Draganfly Target Price Odds to finish over 0.264

The tendency of Draganfly Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
Current PriceHorizonTarget PriceOdds to move above the current price in 90 days
 0.26 90 days 0.26 
about 31.62
Based on a normal probability distribution, the odds of Draganfly to move above the current price in 90 days from now is about 31.62 (This Draganfly probability density function shows the probability of Draganfly Stock to fall within a particular range of prices over 90 days) .
Given the investment horizon of 90 days Draganfly has a beta of -1.7 suggesting as returns on its benchmark rise, returns on holding Draganfly are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, Draganfly is expected to outperform its benchmark. Additionally Draganfly has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
   Draganfly Price Density   
       Price  

Predictive Modules for Draganfly

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Draganfly. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Draganfly's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
0.010.2610.75
Details
Intrinsic
Valuation
LowRealHigh
0.010.2110.70
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Draganfly. Your research has to be compared to or analyzed against Draganfly's peers to derive any actionable benefits. When done correctly, Draganfly's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Draganfly.

Draganfly Risk Indicators

For the most part, the last 10-20 years have been a very volatile time for the stock market. Draganfly is not an exception. The market had few large corrections towards the Draganfly's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Draganfly, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Draganfly within the framework of very fundamental risk indicators.
α
Alpha over NYSE Composite
-0.07
β
Beta against NYSE Composite-1.7
σ
Overall volatility
0.06
Ir
Information ratio -0.02

Draganfly Alerts and Suggestions

In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Draganfly for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Draganfly can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.
Draganfly had very high historical volatility over the last 90 days
Draganfly has some characteristics of a very speculative penny stock
Draganfly has a very high chance of going through financial distress in the upcoming years
The company reported the previous year's revenue of 6.55 M. Net Loss for the year was (23.61 M) with profit before overhead, payroll, taxes, and interest of 2.77 M.
Draganfly currently holds about 12.45 M in cash with (15.04 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.37, which can makes it an attractive takeover target, given it will continue generating positive cash flow.
Draganfly has a poor financial position based on the latest SEC disclosures
Latest headline from news.google.com: Draganfly Unveils FlexForce Drone for Defense Sector - TipRanks.com - TipRanks

Draganfly Price Density Drivers

Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Draganfly Stock often depends not only on the future outlook of the current and potential Draganfly's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Draganfly's indicators that are reflective of the short sentiment are summarized in the table below.
Common Stock Shares Outstanding42.2 M
Cash And Short Term Investments3.1 M
Shares Float45.3 M

Draganfly Technical Analysis

Draganfly's future price can be derived by breaking down and analyzing its technical indicators over time. Draganfly Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Draganfly. In general, you should focus on analyzing Draganfly Stock price patterns and their correlations with different microeconomic environments and drivers.

Draganfly Predictive Forecast Models

Draganfly's time-series forecasting models is one of many Draganfly's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Draganfly's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.

Things to note about Draganfly

Checking the ongoing alerts about Draganfly for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Draganfly help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
Draganfly had very high historical volatility over the last 90 days
Draganfly has some characteristics of a very speculative penny stock
Draganfly has a very high chance of going through financial distress in the upcoming years
The company reported the previous year's revenue of 6.55 M. Net Loss for the year was (23.61 M) with profit before overhead, payroll, taxes, and interest of 2.77 M.
Draganfly currently holds about 12.45 M in cash with (15.04 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.37, which can makes it an attractive takeover target, given it will continue generating positive cash flow.
Draganfly has a poor financial position based on the latest SEC disclosures
Latest headline from news.google.com: Draganfly Unveils FlexForce Drone for Defense Sector - TipRanks.com - TipRanks
When determining whether Draganfly offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Draganfly's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Draganfly Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Draganfly Stock:
Check out Draganfly Backtesting, Draganfly Valuation, Draganfly Correlation, Draganfly Hype Analysis, Draganfly Volatility, Draganfly History as well as Draganfly Performance.
To learn how to invest in Draganfly Stock, please use our How to Invest in Draganfly guide.
You can also try the Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.

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When running Draganfly's price analysis, check to measure Draganfly's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Draganfly is operating at the current time. Most of Draganfly's value examination focuses on studying past and present price action to predict the probability of Draganfly's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Draganfly's price. Additionally, you may evaluate how the addition of Draganfly to your portfolios can decrease your overall portfolio volatility.
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Is Draganfly's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Draganfly. If investors know Draganfly will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Draganfly listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(0.41)
Revenue Per Share
0.155
Quarterly Revenue Growth
(0.30)
Return On Assets
(1.21)
Return On Equity
(4.12)
The market value of Draganfly is measured differently than its book value, which is the value of Draganfly that is recorded on the company's balance sheet. Investors also form their own opinion of Draganfly's value that differs from its market value or its book value, called intrinsic value, which is Draganfly's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Draganfly's market value can be influenced by many factors that don't directly affect Draganfly's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Draganfly's value and its price as these two are different measures arrived at by different means. Investors typically determine if Draganfly is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Draganfly's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.