- Draganfly shares have quadrupled in value in the last month and a market cap of ~$250 million was reached, while revenue in 2020 will almost certainly not reach $5 million.
- Stock prices of some other drone companies have also seen a run-up recently.
- The announcement of the intended listing on the NASDAQ and successes in acquiring clients are adding to the Draganfly rally. These facts are nice, but don't merit a quadrupling value.
- Draganfly is shifting focus from sales of drones, which is suffering from cheap Asian alternatives, to engineering services. This makes scaling of the business difficult and the valuation too high.
- Buying Draganfly shares now is pure speculation that the company will be lucky in acquiring growth. A return to normal lower valuations is more likely to happen.
For further details see:
Be Careful With Draganfly