The DroneShield Ltd (ASX: DRO) share price is bouncing back strongly in late afternoon trade on Thursday.
At the time of writing, shares in the counter-drone technology company are up 9.23% to $3.67.
The recovery follows two sharp declines earlier this week. DroneShield shares fell 7.18% on Wednesday and dropped 6.22% on Tuesday, sparking concerns that the recent rally may have run out of steam.
Even after those losses, the defence technology stock remains one of the standout performers on the ASX over the past year.
But with the stock still well below its record high of $6.71 reached in October 2025, investors may be wondering if it can return there.
Let’s take a closer look.
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