AgEagle Aerial Systems Inc. (UAVS) Outlook Starting To Look Brighter?

After grabbing 2.97 million shares, the institutional investor is now in possession of 2.97 million shares of the Technology Company. The new investment brought the stake of investor firm to 2.72% having worth around $0.5 million. Moreover, UBS Securities LLC increased its share by 0.69 million to have a control over 1.92 million shares. And BlackRock Fund Advisors raised its holdings to 484.0 shares by acquiring 1.15 million shares or 1.05% of the stake.

AgEagle Aerial Systems Inc. (UAVS) concluded trading on 11/15/23 at a closing price of $0.16, with 7.69 million shares of worth about $1.23 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -58.04% during that period and on Wednesday the price saw a gain of about 28.14%. Currently the company’s common shares owned by public are about 117.88M shares, out of which, 106.22M shares are available for trading.

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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 1 analysts are covering the UAVS stock and their offered price forecasts bring an average price target of $453.75. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $453.75 and could fall to a lowest price of $453.75. The stock’s current price level is 99.12% above of average price target set by the analysts, while a rise to estimated low would result in gain of 99.96% for the stock. However, touching the estimated high of $453.75 would mean a gain of 99.96% for the stock.

According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 12 times over the past 12 months. They bought 1,963,395 shares in 12 of the transactions. In 0 selling transactions, insiders dumped 0 shares.

Vanguard Total Stock Market ETF, Vanguard Extended Market Index Fu, and Fidelity Extended Market Index Fu are the top 3 mutual funds which are holding stakes in AgEagle Aerial Systems Inc. Vanguard Total Stock Market ETF is currently holding 1.95 million shares of worth totaling $0.33 million. The company recently came buying 0.0 shares which brought its stake up to 1.78% of the company’s outstanding shares. Fidelity Extended Market Index Fu, after buying 0.58 million shares, have now control over 0.53% of the stake in the company. It holds 0.13 million shares of worth $97949.0.

AgEagle Aerial Systems Inc. (AMEX: UAVS) started trading at $0.14, above $0.01 from concluding price of the previous day. However, the stock later moved at a day high price of 0.1960, or with a gain of 28.14%. Stock saw a price change of 27.84% in past 5 days and over the past one month there was a price change of 45.41%. Year-to-date (YTD), UAVS shares are showing a performance of -53.43% which decreased to -71.23% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.10 but also hit the highest price of $0.60 during that period. The average intraday trading volume for AgEagle Aerial Systems Inc. shares is 1.72 million. The stock is currently trading 40.30% above its 20-day simple moving average (SMA20), while that difference is up 7.65% for SMA50 and it goes to -43.86% lower than SMA200.

Walleye Capital LLC acquired 2.97 million shares of AgEagle Aerial Systems Inc. having value of about $0.5 million. AgEagle Aerial Systems Inc. (AMEX: UAVS) currently have 117.88M outstanding shares and institutions hold larger chunk of about 7.24% of that. Holding of mutual funds in the company is about 7.18% while other institutional holders and individual stake holders have control over 7.63% and 3.79% of the stake respectively.

The stock has a current market capitalization of $19.21M and its 3Y-monthly beta is at 3.57. It has posted earnings per share of -$0.71 in the same period. It has Quick Ratio of 0.59 while making debt-to-equity ratio of 0.25. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for UAVS, volatility over the week remained 16.63% while standing at 12.98% over the month.

Analysts are in expectations that AgEagle Aerial Systems Inc. (UAVS) stock would likely to be making an EPS of $0 in the current quarter, while forecast for next quarter EPS is $0 and it is $0 for next year. For the current quarter EPS, analysts have given the company a lowest target $0 which is $0 at the higher side of the target for the same.

Analysts at 1 brokerage firms have issued recommendations for the AgEagle Aerial Systems Inc. (UAVS)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.00. Out of those 1 Wall Street analysts, 1 recommended a “Buy” rating, while 0 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.

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