Stock Track | DRONESHIELD LTD Soars 7.41% Intraday as Stock Seen Undervalued
Stock Track
Jan 22
DRONESHIELD LTD (ASX:DRO) surged 7.41% during Thursday's intraday trading session, reflecting strong investor interest in the stock.
The rally comes as the stock was highlighted in a recent report for trading significantly below its estimated fair value of A$8.21, with a current price of A$4.32 representing a 47.4% discount. This undervaluation based on cash flows has likely driven the bullish sentiment among traders, prompting the sharp upward movement.
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