AgEagle Aerial Systems Inc (AMEX: UAVS)’s stock price has gone decline by -12.40 in comparison to its previous close of 2.58, however, the company has experienced a -15.99% decrease in its stock price over the last five trading days. globenewswire.com reported 2024-11-04 that WICHITA, Kan., Nov. 04, 2024 (GLOBE NEWSWIRE) — AgEagle Aerial Systems Inc. (NYSE: UAVS) a leading provider of best-in-class unmanned aerial systems (UAS), sensors and software solutions for customers worldwide in the commercial and government verticals, announces that on October 30, 2024, the Company received written notice (the “Notice”) from the NYSE American LLC (the “NYSE American”) stating that it is not in compliance with the continued listing standards set forth in (i) Section 801(h) of the NYSE American Company Guide (the “Company Guide”) because the Company’s Board of Directors (the “Board”) is not comprised of at least 50% independent directors (the “Board Composition Requirement”) and (ii) Section 803B(2)(c) of the Company Guide because the Company’s Audit Committee (the “Audit Committee”) is not comprised of at least two independent members (“Audit Committee Composition Requirement”). The Notice stated that the Company will have until the earlier of its next annual meeting or one year from the date of its noncompliance with the Board Composition Requirement to appoint at least one additional independent director to the Board; provided, however, that if the annual shareholders meeting occurs no later than 180 days following the event that caused the noncompliance, the Company shall instead have 180 days from such event to regain compliance with the Board Composition Requirement. The Notice also stated that the Company will have until the earlier of its next annual meeting or one year from the date of its noncompliance with the Audit Committee Composition Requirement to appoint at least one additional independent member to the Audit Committee; provided, however, that if the annual shareholders meeting occurs no later than 75 days following the event that caused the noncompliance, the Company shall instead have 75 days from such event to regain compliance with the Audit Committee Composition Requirement.
Is It Worth Investing in AgEagle Aerial Systems Inc (AMEX: UAVS) Right Now?
Moreover, the 36-month beta value for UAVS is 3.57. Analysts have varying opinions on the stock, 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 0.85M and currently, short sellers hold a 7.72% of that float. On November 05, 2024, UAVS’s average trading volume was 2.88M shares.
UAVS’s Market Performance
UAVS stock saw a decrease of -15.99% in the past week, with a monthly decline of -81.19% and a quarterly a decrease of -89.45%. The volatility ratio for the week is 20.18%, and the volatility levels for the last 30 days are 43.12% for AgEagle Aerial Systems Inc (UAVS). The simple moving average for the last 20 days is -30.79% for UAVS’s stock, with a simple moving average of -93.36% for the last 200 days.
UAVS Trading at -79.62% 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 -98.85% of loss for the given period.
Volatility was left at 43.12%, however, over the last 30 days, the volatility rate increased by 20.18%, as shares sank -82.98% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -88.23% lower at present.
During the last 5 trading sessions, UAVS fell by -15.99%, which changed the moving average for the period of 200-days by -97.75% in comparison to the 20-day moving average, which settled at $3.27. In addition, AgEagle Aerial Systems Inc saw -97.85% 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 BANK OF AMERICA CORP /DE/, who sale 102,185 shares at the price of $2.51 back on Oct 28 ’24. After this action, BANK OF AMERICA CORP /DE/ now owns 2 shares of AgEagle Aerial Systems Inc, valued at $256,484 using the latest closing price.
Irby William Gordon, the President of AgEagle Aerial Systems Inc, purchase 372 shares at $0.63 during a trade that took place back on Apr 03 ’24, which means that Irby William Gordon is holding 372 shares at $234 based on the most recent 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 0.73. 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 wrap up, the performance of AgEagle Aerial Systems Inc (UAVS) has been bad in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. 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.
