Sell Take Profit - DroneShield (DRO)
*** GENERAL AVICE ONLY***
Recommendation Date: 17/04/2024
Description: DroneShield (DRO) provides Artificial Intelligence based platforms for protection against advanced threats such as drones and autonomous systems. They offer customers bespoke counterdrone & electronic warfare solutions and off-the-shelf products designed to suit a variety of terrestrial, maritime or airborne platforms. Customers include military, intelligence community, Government, law enforcement, critical infrastructure, and airports.
Recommendation
Sell DRO
Entry Price: $0.72
Exit price: $1.05
Profit: 45.83%
Rationale:
Our initial buy recommendation was at $0.72. Since then, DRO has experienced a decent upside move, largely due to the escalating situation in the Middle East, which has amplified the need for DroneShield’s offerings. With the share price now touching $1.05, our designated exit point, we have achieved a profit of 45.83%.
Disclaimer: The recommendation given is general advice only. It does not take into account your personal objectives, financial situation, or specific needs. This information should not be your sole resource when making such decisions. We strongly recommend you to seek the advice of financial, taxation, and legal professionals before finalising any investment decisions.