- Draganfly shares multiplied in value in the three months from December 2020 to February 2021. The same run-up happened with shares of the industry peers. Valuations became excessive.
- After reaching all-time highs in February 2021, share prices declined again to lose roughly half of their value by mid-April. The shares have thus dropped back to earth's orbit.
- Draganfly shares still look too expensive if the price would be purely based on the company's financial performance. If qualitative arguments are included, however, the price is justifiable.
- Various substantial risks remain for investors in Draganfly and industry peers, which is why building a long position in small tranches over time is recommended.
For further details see:
Draganfly: Back In Earth's Orbit At Justifiable Share Prices