Australian (ASX) Stock Market Forum

DRO - DroneShield Limited

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DannyB0000 said:
simplywall.st

DroneShield (ASX:DRO): Assessing Valuation Following Major Defence Contracts and Shift to AI Growth Model

DroneShield (ASX:DRO) has been making headlines after landing new defence contracts and securing its place in the S&P/ASX 200. Fresh orders worth AUD 7.9 million, along with a pivot towards AI and SaaS models, have sparked renewed investor attention. See our latest analysis for DroneShield...
simplywall.st simplywall.st

Simply Wall st is suggesting DRO is about 56 % overvalued. Fair value is supposed to be $3.65. You're welcome to keep chasing the rally, but you might end up holding the bag, if there's another dump with this stock, DRO can't keep rising to infinity.
Click to expand...
Danny, it is true that this thing is an over value stock. Now compare with BGL it is a high margin cost operating company with a small reserve to go but I still play it. When the signal on I just place my bet and " hope" for the best! This is a good time to play when the window opportunity open unless you are a fundamental analyst and intend to hold it for a long term . So does FML and the rest of stocks that were not being mentioned
 
bettamania said:
Danny, it is true that this thing is an over value stock. Now compare with BGL it is a high margin cost operating company with a small reserve to go but I still play it. When the signal on I just place my bet and " hope" for the best! This is a good time to play when the window opportunity open unless you are a fundamental analyst and intend to hold it for a long term . So does FML and the rest of stocks that were not being mentioned
Click to expand...
Why are you comparing these 3 stocks?

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I had picked DRO at an external share tipping comp last year, because I was certain it was going to keep going higher past $2.50 and it crashed and burned instead soon after I picked it. The stock has a history of pumping and dumping and you never know when the next dump is going to happen. I want shares for capital growth not ones that are already at fair value or overvalued.
 
DannyB0000 said:
simplywall.st

DroneShield (ASX:DRO): Assessing Valuation Following Major Defence Contracts and Shift to AI Growth Model

DroneShield (ASX:DRO) has been making headlines after landing new defence contracts and securing its place in the S&P/ASX 200. Fresh orders worth AUD 7.9 million, along with a pivot towards AI and SaaS models, have sparked renewed investor attention. See our latest analysis for DroneShield...
simplywall.st simplywall.st

Simply Wall st is suggesting DRO is about 56 % overvalued. Fair value is supposed to be $3.65. You're welcome to keep chasing the rally, but you might end up holding the bag, if there's another dump with this stock, DRO can't keep rising to infinity.
Click to expand...
Hmm the buyers/sheep will eventually determine where DRO will finish.
In the stratosphere or buried deep in the mire.
 
Pretty active here ! Pay attention on the cyan colour. As expected the price shoot up a bit as a result from the announcement booster. Very coincide with Weekly time frame signal! :)

It is also quite clear that there has been a profit taking and a bearish attempt to push down the price!. This is evidenced by a rebound doji candle



1759897084515.png
 

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