AgEagle Aerial Systems Inc. (AMEX: UAVS)’s stock price has dropped by -21.05 in relation to previous closing price of 2.28. Nevertheless, the company has seen a loss of -62.58% in its stock price over the last five trading days. globenewswire.com reported 2024-10-03 that Wichita, Kansas, Oct. 03, 2024 (GLOBE NEWSWIRE) — AgEagle Aerial Systems Inc. (NYSE American: UAVS) (“AgEagle” or the “Company”), an industry-leading provider of full stack flight hardware, sensors and software for commercial and government use, announced today a reverse stock split of its authorized, issued and outstanding common stock, par value $0.001 per share, at a ratio of one (1) share of common stock for every fifty (50) shares of common stock, effective as of 5:00 p.m. (Eastern Time) on October 14, 2024 (the “Effective Date”). The Company’s common stock will begin trading on a split-adjusted basis when the market opens on October 15, 2024. The reverse stock split was authorized by the Company’s Board of Directors on October 3, 2024. Pursuant to the laws of the State of Nevada, the Company’s state of incorporation, the Company’s Board of Directors has the authority to effect a reverse stock split without shareholder approval if the number of authorized shares of common stock and the number of outstanding shares of common stock are proportionally reduced. The Company will file a certificate of change to its articles of incorporation, as amended, with the Secretary of State of Nevada to effect the reverse stock split. The Company’s common stock will continue to trade on the NYSE American under the stock ticker “UAVS” but will trade under the new CUSIP number 00848K 309.
Is It Worth Investing in AgEagle Aerial Systems Inc. (AMEX: UAVS) Right Now?
The stock has a 36-month beta value of 3.57. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for UAVS is 0.72M, and at present, short sellers hold a 9.11% of that float. On October 22, 2024, the average trading volume of UAVS was 169.79K shares.
UAVS’s Market Performance
UAVS stock saw a decrease of -62.58% in the past week, with a monthly decline of -87.55% and a quarterly a decrease of -92.13%. The volatility ratio for the week is 29.06%, and the volatility levels for the last 30 days are 27.93% for AgEagle Aerial Systems Inc. (UAVS). The simple moving average for the past 20 days is -79.76% for UAVS’s stock, with a -95.41% simple moving average for the past 200 days.
UAVS Trading at -87.55% from the 50-Day Moving Average
After a stumble in the market that brought UAVS to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -99.08% of loss for the given period.
Volatility was left at 27.93%, however, over the last 30 days, the volatility rate increased by 29.06%, as shares sank -87.92% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -91.36% lower at present.
During the last 5 trading sessions, UAVS fell by -62.58%, which changed the moving average for the period of 200-days by -98.31% in comparison to the 20-day moving average, which settled at $8.89. In addition, AgEagle Aerial Systems Inc. saw -98.28% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at UAVS starting from Irby William Gordon, who purchase 372 shares at the price of $0.63 back on Apr 03 ’24. After this action, Irby William Gordon now owns 372 shares of AgEagle Aerial Systems Inc., valued at $234 using the latest closing price.
Stock Fundamentals for UAVS
Current profitability levels for the company are sitting at:
- -1.09 for the present operating margin
- 0.36 for the gross margin
The net margin for AgEagle Aerial Systems Inc. stands at -3.05. The total capital return value is set at -1.39. Equity return is now at value -169.63, with -112.09 for asset returns.
Based on AgEagle Aerial Systems Inc. (UAVS), the company’s capital structure generated 0.46 points at debt to capital in total, while cash flow to debt ratio is standing at -1.04. The debt to equity ratio resting at 0.85. The interest coverage ratio of the stock is -5.74.
Currently, EBITDA for the company is -14.65 million with net debt to EBITDA at -0.77. When we switch over and look at the enterprise to sales, we see a ratio of 0.7. The receivables turnover for the company is 8.9for trailing twelve months and the total asset turnover is 0.6. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.77.
Conclusion
To sum up, AgEagle Aerial Systems Inc. (UAVS) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
