DroneShield (ASX: DRO)'s Main Competitor DeDrone Gets Acquired by Axon Enterprise (AXON)

On April 6, 2022, after DroneShield (ASX: DRO) hit a new 52-week high of $0.23 per share for a gain of 15% from NIA's suggestion price of $0.20 per share within three trading days of NIA's announcement, NIA sent out an alert mentioning DRO's main competitor DeDrone. Click here to read NIA's alert!

NIA said in its alert, "DRO's main competitor DeDrone raised $30.5 million in VC funding on December 17, 2021, at a valuation estimate of US$122-$183 million. Based on Google Trends data, DeDrone is slightly larger than DRO in the U.S. market, but DRO is a larger company on an international basis. Much higher new 52-week highs are coming for DRO in the weeks ahead. DRO's current market cap is only US$67.13 million."

It was announced one hour ago that DeDrone is being acquired by Axon Enterprise (AXON) the $24.7 billion market cap company that produces Tasers and Police Body Cams.

DRO has significantly larger revenue than DeDrone.

This bodes well for NIA's prediction that DRO will soon be acquired for somewhere between $1-$2 per share! Click here to read NIA's February 2nd prediction!

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