How has the DroneShield share price gained 90% in a month?

DroneShield shares are once again at a new record high today.

| More on:
rising asx share price represented by drone flying in the air

Image source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

It's been an extraordinary day for the DroneShield Ltd (ASX: DRO) share price this Thursday. 

Yesterday, the DroneShield share price closed the day at 68 cents a share. However, at the time of writing, those same DroneShield shares are going for 76 cents each, up a whopping 11.76% for the day.

76 cents per share happens to be a new record-high share price for the company.

Today's gains for DroneShield shares compare against a 0.05% loss for the broader All Ordinaries Index (ASX: XAO) this Thursday thus far.

But it gets even better for DroneShield investors. Today's move means that the DroneShield share price has now gained an eye-watering 92.3% over the past months alone.

Yep, this time in January, this company was asking just 39 cents a share. Check that out for yourself below:

The funny thing is that we haven't heard much in the way of news or announcements from DroneShield. Not in February thus far anyway, and certainly not today.

So it's a bit of a mystery why this counter-drone technology stock is experiencing such a dramatic surge in valuation.

Why has the DroneShield share price gained 90% in a month?

Perhaps one thing we can point to is a seeming acceptance by ASX investors that DroneShield, as my Fool colleague Bernd put it earlier this month, "finds itself offering the right suite of products at the right time".

With conflicts raging around the world, drones are an ever-growing feature in modern warfare. And that makes the anto-drone technology that DroneShield specialises in a valuable commodity. Earlier this month, we also looked at how a major investment in combat drone technology by the Federal Government was boosting the DroneShield share price at the time.

But the company is also making tangible progress on its balance sheet. Back in January, we covered DroneShield's announcement that the company has hit a record $48 million in customer cash receipts and grants over the three months to 31 December 2023.

As we reported at the time, this figure was five times larger than the next largest quarter on record. Additionally, DroneShield's $73.5 million total in cash receipts and grants for the 2023 calendar year was five times more than what the company reported in 2022.

So clearly, investors are getting caught up in what looks like a compelling growth story. Let's see where the DroneShield share price heads to next.

Should you invest $1,000 in Apple right now?

Before you buy Apple shares, consider this:

Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now... and Apple wasn't one of them.

The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

And right now, Scott thinks there are 5 stocks that may be better buys...

See The 5 Stocks *Returns as of 30 April 2025

Motley Fool contributor Sebastian Bowen has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended DroneShield. The Motley Fool Australia has recommended DroneShield. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on Technology Shares

A man leans forward over his phone in his hands with a satisfied smirk on his face although he has just learned something pleasing or received some satisfying news.
Technology Shares

3 reasons to buy this $25 billion ASX 200 tech stock today

A top expert forecasts more outperformance from this fast-growing ASX 200 tech stock.

Read more »

Lines of codes and graphs in the background with woman looking at laptop trying to understand the data.
Technology Shares

Why is the Brainchip share price crashing 9% today?

The semiconductor company is being sold off on Tuesday. But why?

Read more »

A man with a wide, eager smile on his face holds up three fingers.
Technology Shares

3 reasons this sold-off ASX 200 share is primed for a big rebound

A leading expert believes this ASX 200 share is well placed to outperform.

Read more »

a man surrounded by huge piles of paper looks through a magnifying glass at his computer screen.
Technology Shares

I did some research on Siteminder — Here's what you should know

The big questions I'm monitoring for answers.

Read more »

A male investor sits at his desk looking at his laptop screen holding his hand to his chin pondering whether to buy Macquarie shares
Technology Shares

Up 98% in a year, how this ASX All Ords stock is tapping into a $16 billion market

A leading expert forecasts more outsized returns for this surging ASX All Ords stock.

Read more »

Man with rocket wings which have flames coming out of them.
Technology Shares

Guess which ASX All Ords stock is rocketing 34% on takeover deal

This stock looks set to leave the ASX boards in the near future after accepting a takeover deal.

Read more »

Man drawing an upward line on a bar graph symbolising a rising share price.
Technology Shares

Are DroneShield shares going to $1.50?

Where next for this high-flying stock? Let's see what Bell Potter is saying.

Read more »

Overjoyed man celebrating success with yes gesture after getting some good news on mobile.
Technology Shares

DroneShield shares jump on record-breaking quarter

It was an impressive three months for this counter drone technology company.

Read more »