Anyone looking to get into stocks that have recorded considerable gains over the past few months could consider looking into the Draganfly Inc (OTC: DFLYF) stock.
Over the course of the past three months alone, the drone company has seen its stock fly by as cosmic as 500% and it might be a good idea for investors to take a closer look at it. In this regard, it should be noted that many other drone companies have also seen their stock prices rising due to the increased investor interest.
However, there are specific factors that have been responsible for the remarkable rally in the Draganfly stock as well. The company’s announcement with regards to a possible uplisting to NASDAQ is one of the major factors. On the other hand, Draganfly also managed to bag new clients. However, it should be noted that the company is now shifting its focus from selling drones to actually making them and that could take time to scale up. Hence, many believe that the stock is a bit overvalued.