UBS Securities LLC has recently announced that it has increased stake in AgEagle Aerial Systems Inc. (AMEX:UAVS) by 56.48%. After grabbing 1.92 million shares, the institutional investor is now in possession of 0.69 million shares of the Technology Company. The new investment brought the stake of investor firm to 1.63% having worth around $0.24 million. Moreover, Geode Capital Management LLC increased its share by 0.11 million to have a control over 0.8 million shares. And Morgan Stanley & Co. LLC raised its holdings to 920.0 shares by acquiring 0.13 million shares or 0.11% of the stake.
AgEagle Aerial Systems Inc. (UAVS) concluded trading on 12/28/23 at a closing price of $0.11, with 2.56 million shares of worth about $0.28 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -54.28% during that period and on Thursday the price saw a gain of about 0.09%. 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 99.39% above of average price target set by the analysts, while a rise to estimated low would result in gain of 99.98% for the stock. However, touching the estimated high of $453.75 would mean a gain of 99.98% 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 $0.24 million. The company recently came buying 0.0 shares which brought its stake up to 1.65% of the company’s outstanding shares. Fidelity Extended Market Index Fu, after selling 0.49 million shares, have now control over 0.42% of the stake in the company. It holds 89856.0 shares of worth $60661.0.
However, the stock later moved at a day high price of 0.1098, or with a gain of 0.09%. Stock saw a price change of -3.17% in past 5 days and over the past one month there was a price change of -21.22%. Year-to-date (YTD), UAVS shares are showing a performance of -69.46% which decreased to -65.90% 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 2.03 million. The stock is currently trading -7.69% below its 20-day simple moving average (SMA20), while that difference is down -11.31% for SMA50 and it goes to -55.94% lower than SMA200.
UBS Securities LLC acquired 1.92 million shares of AgEagle Aerial Systems Inc. having value of about $0.24 million. Data submitted at the U.S SEC by UBS Securities LLC revealed that the firm now holds 0.69 million shares in the company valued at close to $76239.57, or have control over 56.48% stake in the company. AgEagle Aerial Systems Inc. (AMEX: UAVS) currently have 117.88M outstanding shares and institutions hold larger chunk of about 7.26% of that. Holding of mutual funds in the company is about 3.86% while other institutional holders and individual stake holders have control over 7.09% and 3.41% of the stake respectively.
The stock has a current market capitalization of $12.60M and its 3Y-monthly beta is at 3.56. 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 7.02% while standing at 8.21% 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”.
