Invest Securities confirms its Buy rating on Drone Volt shares, with a price target reduced from 0.028 to 0.02 euros.

The analyst points out that in the space of six months, Drone Volt has significantly strengthened its cash position (+10.8 ME) through 3 transactions, the last of which (AK with DPS of 4.4 ME) finalized yesterday.

With financing needs secured until the end of 2024, including recent investments (Lorenz Tech and recruitment of 12 people for the Drone as a Services business), the Group can now focus on commercial execution, in particular the delivery of the 20 ME contract and the ramp-up of the Drone as a Service business", says the broker.

After taking the transaction into account, Invest slightly reduces its price target, but believes that Drone Volt 'has a strengthened financial position, favorable short-term commercial momentum and significant potential (+68%)'


Copyright (c) 2023 CercleFinance.com. All rights reserved.
The information and analyses published by Cercle Finance are intended solely as decision-making aids for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.