Frazis Capital founder Michael Frazis looks for top technology stocks with the potential for explosive share price growth.
And he believes DroneShield shares fit that bill.
"DroneShield recorded revenues of $55 million in 2023, more than triple the $17 million in 2022," Frazis said (quoted by The Australian Financial Review). "And analysts forecast 2024 revenues of over $90 million, with the bulk coming from high margin defence contracts."
"The opportunity is immense. Less than 1% of infantry units, ships, military bases, and civilian targets are protected against low-cost drones," Frazis added.
- for those reflecting on the growth potential it lies in the last paragraph. Less than 1%…
Frazis Capital founder Michael Frazis looks for top technology...
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Last
85.0¢ |
Change
-0.105(11.0%) |
Mkt cap ! $741.2M | |||
| Open | High | Low | Value | Volume |
| 95.0¢ | 95.0¢ | 84.5¢ | $17.80M | 20.21M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 37993 | 85.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 86.0¢ | 349403 | 7 |
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| Last trade - 16.10pm 07/11/2024 (20 minute delay) ? |
| DRO (ASX) Chart |