UBS Securities LLC recently announced the acquisition of new stake in AgEagle Aerial Systems Inc. (AMEX:UAVS). The institutional investor has increased its shareholding in the Technology company by 56.48% to 1.92 million shares with purchase of 0.69 million shares. This fresh investment now brings its stake to 1.63% valued currently at $0.2 million. In addition, Geode Capital Management LLC raised its holdings by 0.11 million to 0.8 million shares. And Morgan Stanley & Co. LLC has lifted its position by 0.70% or 920.0 shares – to 0.13 million shares.
With over 6.52 million AgEagle Aerial Systems Inc. (UAVS) shares trading Monday and a closing price of $0.14 on the day, the dollar volume was approximately $0.91 million. The shares have shown a negative half year performance of -63.87% and its price on 11/20/23 gained nearly 4.56%. Currently, there are 117.88M common shares owned by the public and among those 106.14M shares have been available to trade.
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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. The average price target is 99.23% above its recent price level and an upside to the estimated low will see the stock gain 99.97% over that period. But an upside of 99.97% will see the stock hit the forecast high price target while median target price for the stock is $453.75.
Insiders at the company have transacted a total of 12 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 12 of these insider trades were purchases, accounting for 1,963,395 shares. Insider sales of the common stock occurred on 0 occasions, with total insider shares sold totaling 0 shares.
The top 3 mutual fund holders in AgEagle Aerial Systems Inc. are Vanguard Total Stock Market ETF, Vanguard Extended Market Index Fu, and Fidelity Extended Market Index Fu. Vanguard Total Stock Market ETF owns 1.95 million shares of the company’s stock, all valued at over $0.2 million. Fidelity Extended Market Index Fu bought 0.13 million shares to bring its total holdings to over 0.58 million shares at a value of $59469.0. Fidelity Extended Market Index Fu now owns shares totaling to 0.50% of the shares outstanding.
Shares of AgEagle Aerial Systems Inc. (AMEX: UAVS) opened at $0.15, up $0.02 from a prior closing price of $0.13. However, the script later moved the day high at 0.1526, up 4.56%. The company’s stock has a 5-day price change of 20.27% and -17.65% over the past three months. UAVS shares are trading -60.00% year to date (YTD), with the 12-month market performance down to -73.07% lower. It has a 12-month low price of $0.10 and touched a high of $0.60 over the same period. UAVS has an average intraday trading volume of 1.83 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 15.85%, -6.68%, and -50.75% respectively.
Institutional ownership of AgEagle Aerial Systems Inc. (AMEX: UAVS) shares accounts for 7.24% of the company’s 117.88M shares outstanding. Mutual fund holders own 3.74%, while other institutional holders and individual stakeholders account for 7.09% and 3.51% respectively.
It has a market capitalization of $16.50M and a beta (3y monthly) value of 3.58. The earnings-per-share (ttm) stands at -$0.71. Price movements for the stock have been influenced by the stock’s volatility, which stands at 20.91% over the week and 12.03% over the month.
The lowest estimate earnings-per-share for the quarter is $0 while analysts give the company a high EPS estimate of $0.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 1 brokerage firm advisors rate AgEagle Aerial Systems Inc. (UAVS) as a “Strong Buy” at a consensus score of 1.00. 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.”
