AgEagle Aerial Systems Inc. (AMEX: UAVS) Is Getting Increasingly Hard To Ignore

DE Stock
DE Stock

Citadel Advisors LLC recently announced the acquisition of new stake in AgEagle Aerial Systems Inc. (AMEX:UAVS). The institutional investor has increased its shareholding in the Industrials company by 915.73% to 0.16 million shares with purchase of 0.15 million shares. This fresh investment now brings its stake to 0.34% valued currently at $0.45 million. In addition, The Vanguard Group, Inc. raised its holdings by 23800.0 to 61167.0 shares.

With over 16.11 million AgEagle Aerial Systems Inc. (UAVS) shares trading Monday and a closing price of $3.10 on the day, the dollar volume was approximately $49.95 million. The shares have shown a positive weekly performance of 27.57% and its price on 08/31/20 gained nearly 23.02%. Currently, there are 57.23M common shares owned by the public and among those 51.09M shares have been available to trade.

An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 1 analysts who have offered their price forecasts for UAVS have a consensus price objective of $453.75. The analysts have set the share’s price value over the next 12 months at a high of $453.75 and a low of $453.75 should the stock experience a downside. But an upside of 99.32% will see the stock hit the forecast high price target while mean target price for the stock is $453.75.

Insiders at the company have transacted a total of 0 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 0 of these insider trades were purchases, accounting for 0 shares. Insider sales of the common stock occurred on 0 occasions, with total insider shares sold totaling 0 shares.

Vanguard Extended Market Index Fu owns 0.12 million shares of the company’s stock, all valued at over $0.32 million. The company bought an additional 54150.0 shares recently to bring their total holdings to about 0.24% of the shares outstanding.

Shares of AgEagle Aerial Systems Inc. (AMEX: UAVS) opened at $2.65, up $0.13 from a prior closing price of $2.52. However, the script later closed the day at $3.10, up 23.02%. The company’s stock has a 5-day price change of 27.57% and 127.94% over the past three months. UAVS shares are trading 588.89% year to date (YTD), with the 12-month market performance up to 1090.02% higher. It has a 12-month low price of $0.19 and touched a high of $5.15 over the same period. Currently, 16.11 million shares have been traded, compared to an average intraday trading volume of 10.84 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 9.42%, 27.06%, and 171.46% respectively.

Institutional ownership of AgEagle Aerial Systems Inc. (AMEX: UAVS) shares accounts for 0.70% of the company’s 57.23M shares outstanding. Mutual fund holders own 0.44%, while other institutional holders and individual stakeholders account for 0.55% and 0.24% respectively.

It has a market capitalization of $176.05M and a beta (3y monthly) value of 4.66. The earnings-per-share (ttm) stands at -$0.41. Price movements for the stock have been influenced by the stock’s volatility, which stands at 9.93% over the week and 10.13% over the month.

Analysts forecast that AgEagle Aerial Systems Inc. (UAVS) will achieve an EPS of $0 for the current quarter, $0 for the next quarter and $0 for Next Year. The lowest estimate earnings-per-share for the quarter is $0 while analysts give the company a high EPS estimate of $0.

Specifically, 1 Wall Street analysts polled rate the stock as a buy, while 0 of the 1 advise that investors “hold,” and 0 rated it as a “Sell.”


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