AgEagle Aerial Systems Inc. [AMEX: UAVS] gained 7.42% or 0.23 points to close at $3.33 with a heavy trading volume of 13378168 shares. The company report on July 7, 2020 that AgEagle Aerial Systems’ New CEO Issues Shareholder Letter.
J. Michael Drozd, new Chief Executive Officer of AgEagle Aerial Systems Inc. (NYSE American: UAVS), an industry leading provider of unmanned aerial vehicles and advanced aerial imagery, data collection and analytics solutions, today issued a letter to the Company’s shareholders commenting on the Company’s vision, defined growth strategy and key developments which have occurred since he assumed the helm of AgEagle on May 18, 2020. Drozd stated:.
“I’d like to begin by sharing how pleased and privileged I am to have been selected by the Board to help lead AgEagle through its next critical phase of innovation and evolution. Since my first day on the job, I have immersed myself in meeting with our talented team; fully understanding the depth and capabilities of our software development and manufacturing operations; carefully evaluating our core strengths and many market opportunities; and attaining meaningful clarity into the dynamic, high growth company we are actively engaged in building. This has been and will undoubtedly remain an exciting and ongoing process. .
It opened the trading session at $2.96, the shares rose to $3.54 and dropped to $2.92, the range by which the price of stock traded the whole day. The daily chart for UAVS points out that the company has recorded 464.98% gains over the past six months. However, it is still -1652.63% lower than its most recent low trading price.
If we look at the average trading volume of 17.29M shares, UAVS reached to a volume of 13378168 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about AgEagle Aerial Systems Inc. [UAVS]:
The Average True Range (ATR) for AgEagle Aerial Systems Inc. is set at 0.39, with the Price to Sales ratio for UAVS stock in the period of the last 12 months amounting to 250.69. The Price to Book ratio for the last quarter was 13.32, with the Price to Cash per share for the same quarter was set at 0.01.
Trading performance analysis for UAVS stock
AgEagle Aerial Systems Inc. [UAVS] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.52. With this latest performance, UAVS shares gained by 158.14% in over the last four-week period, additionally plugging by 464.98% over the last 6 months – not to mention a rise of 1060.68% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for UAVS stock in for the last two-week period is set at 75.32, with the RSI for the last a single of trading hit 76.82, and the three-weeks RSI is set at 72.70 for AgEagle Aerial Systems Inc. [UAVS]. The present Moving Average for the last 50 days of trading for this stock 1.69, while it was recorded at 3.16 for the last single week of trading, and 0.83 for the last 200 days.
AgEagle Aerial Systems Inc. [UAVS]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and AgEagle Aerial Systems Inc. [UAVS] shares currently have an operating margin of -795.21 and a Gross Margin at -25.94. AgEagle Aerial Systems Inc.’s Net Margin is presently recorded at -850.32.
Return on Total Capital for UAVS is now -43.60, given the latest momentum, and Return on Invested Capital for the company is -46.80. Return on Equity for this stock declined to -46.80, with Return on Assets sitting at -43.48.
Reflecting on the efficiency of the workforce at the company, AgEagle Aerial Systems Inc. [UAVS] managed to generate an average of -$252,269 per employee. Receivables Turnover for the company is 9.00 with a Total Asset Turnover recorded at a value of 0.05.AgEagle Aerial Systems Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.40 and a Current Ratio set at 1.70.
An analysis of insider ownership at AgEagle Aerial Systems Inc. [UAVS]
There are presently around $0 million, or 0.30% of UAVS stock, in the hands of institutional investors. The top three institutional holders of UAVS stocks are: VIRTU FINANCIAL LLC with ownership of 41,492, which is approximately -25.916% of the company’s market cap and around 54.95% of the total institutional ownership; VANGUARD GROUP INC, holding 37,367 shares of the stock with an approximate value of $0.12 million in UAVS stocks shares; and CITADEL ADVISORS LLC, currently with $54000.0 in UAVS stock with ownership of nearly -19.764% of the company’s market capitalization.
Positions in AgEagle Aerial Systems Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 4 institutional holders increased their position in AgEagle Aerial Systems Inc. [AMEX:UAVS] by around 21,852 shares. Additionally, 7 investors decreased positions by around 56,392 shares, while 2 investors held positions by with 50,618 shares. The mentioned changes placed institutional holdings at 128,862 shares, according to the latest SEC report filing. UAVS stock had 4 new institutional investments in for a total of 21,852 shares, while 5 institutional investors sold positions of 37,903 shares during the same period.