Pardon the pun, but why do some stock prices “take off” while others don’t? The high-flying shares of this top drone-maker stock I’ve been talking about for months gives us a clue.
This top drone-maker stock soared more than 30% during Monday’s trading session and was up another 25% this morning before dipping a bit. It’s risen more than 130% since I first recommended it in mid-October, when I put together a second video on this Chinese company for you here on WealthPress.
I explained in those early videos that this top drone-maker stock is the emerging leader in the exciting pilotless air taxi “passenger drones” sector. That’s right, it’s the next big thing in the world of passenger drones that carry one or two people and luggage at a time on short hops of 20 minutes or less.
And now it’s the top drone-maker stock in the world…
Beyond city transportation, passenger drones also have applications for tourism, logistics and emergency response services. This company released the first video of a passenger drone flight in one of its drones back in February 2018. It received approval from the Civil Aviation Administration of China for the commercial pilot operation of passenger drones in May 2020.
It also announced a partnership that same month with a tourism company to develop the world’s first “urban air mobility”-themed hotel, where guests will be shuttled in via drone.
Its current flagship vehicle is an autonomous, two-person electric drone that can fly for about 20 minutes. The big picture for this drone is urban air mobility, flying from one end of a densely populated city to the other in no time — at a reasonable price.
The latest news to send this top drone-maker stock soaring is its quarterly earnings report, which showed great fundamentals — including growth of 104.3% year over year!
Check out my short video and let’s go in-depth on this top drone-maker stock again. Did you get in on this play back in October and are you reaping the rewards? Let us know in the comments below!
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