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DroneShield (DRO) & Data#3 (DTL)

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DroneShield (DRO) & Data#3 (DTL)

Hi Market Matters Team (Sorry it's Droneshield again) DRO has reached a new YTD high of $4.39 this week. I know it's hard to place a valuation on this stock but if you held would you be taking profits yet? Also you view on DTL - Data #3 regards Deb

Answer

Hi Deb,

  • DroneShield (DRO) – we would use technicals here: after its breakout above $4.10, and close back under $3.90 if we were long we would take at least part profit.
  • Data#3 (DTL) – we are neutral toward this value-added reseller of software and infrastructure products to Australian government and enterprise customers. it hasn’t moved in a few years, we see no reason to pre-empt anything.
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DroneShield Ltd (DRO)
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