Investing in drone stocks may be a worthwhile move for your portfolio

Today, drones are used to complete a variety of tasks. Ten years ago, who would have imagined this scenario? Here’s what you need to know about drone stocks.

Drones have traditionally been used by armed forces for spying and warfare. In recent years, everyone has started using them. Thanks to advances in technology, drones are becoming more widely used.

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Approximately 372,000 commercial drones and 500,000 noncommercial drones are operating in the United States, according to the Federal Aviation Administration.

Drone sales are expected to reach 58.4 billion dollars by 2026, according to estimates. Furthermore, the commercial drone market is expected to continue growing rapidly in the near future.

Drones are now delivering groceries, inspecting factories, and even delivering food. Hence, In the near future, drone stocks are expected to take elevation.

The following best drone stocks appear to be more promising.

EHang Holdings Limited (NASDAQ: EH) stock price was $22.96 at the previous market close, with its latest volume reaching 0.61 million. Compare that to its average daily volume of 752.51K. Given the fact that this stock has 55.43M shares outstanding, its current market value is sitting at $22.13.

EHang Holdings Limited (NASDAQ: EH) share prices have decreased by -9.41% over the past week, but are down -13.05% in the last quarter. Going further back, the stock’s price has tanked -1.78% over the last 6 months but is up 4.83% in year-to-date trading.

Kratos Defense & Security Solutions Inc. (KTOS) saw uptrend of 0.05% in the recent trading with $20.23 being it is most recent. The current price level is 40.69% lower than the highest price of $34.11 marked by the stock while trading over the past 52-weeks, whereas it is -1.15% higher than the lowest price of $20.00 the company dropped to over the past 52-weeks.

In terms of its performance, KTOS is up 0.50% over the past year, and it is down -7.29% over the last week. The stock’s price index is -10.01% lower over one month and -12.31% lower over three months. It is showing a -17.83% return in the past six months.

The stock of AeroVironment Inc. (AVAV) decreased by -0.62% to finish the standard trading session at $88.19. During that period, a total of 73160.0 shares were traded, and this stock’s average trading volume is currently 166.02K shares per day. Important things to pay attention to when considering a stock’s current and future price are the 52-week high and low price points. Shares of AeroVironment Inc. (AVAV) are currently -38.64% below their 52-week high mark and 9.16% higher than the 52-week low mark.

AVAV stock lost -4.19% during the last week and fall -2.96% over the last one-month period. Shares of this company’s stock fall -11.83% throughout the last quarter. Within the last six months, the stock has decreased -17.84%, with a full-year gain of 5.87%. At the time of writing, this stock’s year-to-date (YTD) price performance is now positive at 1.48%.

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