The trading volume of DPRO has been increasing recently. Will its stock price rise?
7/22/2025 08:51pm
**Draganfly's (DPRO) stock price is likely to experience a rise**, considering the following points:
1. **Recent Surge in Trading Volume**: The trading volume of DPRO has seen a significant increase, particularly on July 16, with 36.97 million shares traded. This heightened activity could indicate growing investor interest or reactions to recent news about the company.
|code|Ticker|Name|Date|Closing Price|Trading Volume|market_code|
|---|---|---|---|---|---|---|
|DPRO|DPRO.O|Draganfly|20250718|5.45|1.6839393E7|186|
2. **Positive Market Sentiment**: Draganfly has recently announced the successful closure of a $25 million registered direct offering, which could bolster investor confidence in the company's financial health and future growth prospects. Additionally, the company's innovative drone technology and strategic partnerships have generated positive sentiment.
3. **Analyst Ratings and Price Target**: H.C. Wainwright's analyst has lifted the price target for Draganfly to $6, up from $3.50, while maintaining a Buy rating. This adjustment suggests that the analyst believes the stock has potential for growth from its current price.
4. **Technical Indicators**: DPRO has been showing positive technical signals, with a bullish trend indicated by the moving averages. The stock's recent increase of 10.09% on July 21, 2025, further supports the notion of a potential price rise.
5. **Sector Momentum**: The broader drone technology sector has been gaining momentum, with the U.S. Defense Secretary's orders for fast-track drone production and deployment likely contributing to this trend. As Draganfly is a key player in the drone industry, it stands to benefit from this sectorial growth.
In conclusion, the combination of increased trading volume, positive market sentiment, analyst upgrades, and sector momentum suggest that Draganfly's stock price may experience a rise in the near term. However, investors should remain vigilant to any changes in market conditions or company-specific news that could impact the stock's performance.