With global conflicts spotlighting the power of unmanned systems, defense-tech stocks have captured retail investors' attention this year. Drone swarms—fleets of autonomous aircraft that coordinate like a single unit—promise to reshape battlefields, much as AI has transformed data centers.
That's how a tiny software firm that went public just three weeks ago was able to deliver 1,230% gains, albeit with significant volatility. Swarmer (SWMR) rocketed from its March 16 IPO price of $5 to $66.48 by April 2. But before you go chasing this hot stock, let's examine the numbers that powered this surge—and the ones that should give you pause.
