AgEagle Aerial Systems Inc. [AMEX: UAVS] stock went on an upward path that rose over 9.43% on Wednesday, amounting to a one-week price increase of more than 12.90%. The company report on May 26, 2021 that AgEagle Aerial Systems Enters Sales Agreement to Sell Up to $100 Million in Common Stock through Stifel and Raymond James.
AgEagle™ Aerial Systems Inc. (NYSE American: UAVS) (“AgEagle” or the “Company”), an industry leading drone solutions provider, announced that it has entered into an at-the-market sales agreement with Stifel and Raymond James, effective May 25, 2021, under which AgEagle may sell its common stock, from time to time, for up to $100 million in aggregate sales proceeds in “at the market” transactions.
A shelf registration statement on Form S-3 (File No, 333-252801) relating to the common stock offered in the at-the-market equity offering described above was filed with the U.S. Securities and Exchange Commission (SEC) on February 5, 2021 and declared effective by the SEC on May 6, 2021. The offering is being made only by means of a written prospectus and prospectus supplement that form part of the registration statement. A prospectus supplement and accompanying prospectus relating to the offering have been filed with the SEC and is available at www.sec.gov.
Over the last 12 months, UAVS stock rose by 327.20%.
The market cap for the stock reached $378.77 million, with 61.29 million shares outstanding and 55.37 million shares in the current float. Compared to the average trading volume of 4.01M shares, UAVS stock reached a trading volume of 4820603 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on AgEagle Aerial Systems Inc. [UAVS]:
The Average True Range (ATR) for AgEagle Aerial Systems Inc. is set at 0.57, with the Price to Sales ratio for UAVS stock in the period of the last 12 months amounting to 145.68. The Price to Book ratio for the last quarter was 8.48, with the Price to Cash per share for the same quarter was set at 0.34.
UAVS Stock Performance Analysis:
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 12.90. With this latest performance, UAVS shares dropped by -16.30% in over the last four-week period, additionally plugging by 81.63% over the last 6 months – not to mention a rise of 327.20% 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 51.29, with the RSI for the last a single of trading hit 58.48, and the three-weeks RSI is set at 48.16 for AgEagle Aerial Systems Inc. [UAVS]. The present Moving Average for the last 50 days of trading for this stock 5.86, while it was recorded at 4.87 for the last single week of trading, and 5.38 for the last 200 days.
Insight into AgEagle Aerial Systems Inc. Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and AgEagle Aerial Systems Inc. [UAVS] shares currently have an operating margin of -383.64 and a Gross Margin at +31.12. AgEagle Aerial Systems Inc.’s Net Margin is presently recorded at -383.73.
Return on Total Capital for UAVS is now -31.82, given the latest momentum, and Return on Invested Capital for the company is -32.01. Return on Equity for this stock declined to -32.21, with Return on Assets sitting at -29.43. When it comes to the capital structure of this company, AgEagle Aerial Systems Inc. [UAVS] has a Total Debt to Total Equity ratio set at 1.38. Additionally, UAVS Total Debt to Total Capital is recorded at 1.37, with Total Debt to Total Assets ending up at 1.27. Long-Term Debt to Equity for the company is recorded at 0.72, with the Long-Term Debt to Total Capital now at 0.71.
Reflecting on the efficiency of the workforce at the company, AgEagle Aerial Systems Inc. [UAVS] managed to generate an average of -$493,245 per employee. Receivables Turnover for the company is 3.86 with a Total Asset Turnover recorded at a value of 0.08.AgEagle Aerial Systems Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.80 and a Current Ratio set at 2.90.
AgEagle Aerial Systems Inc. [UAVS] Insider Position Details
There are presently around $54 million, or 14.80% of UAVS stock, in the hands of institutional investors. The top three institutional holders of UAVS stocks are: STATE STREET CORP with ownership of 2,836,063, which is approximately 22.576% of the company’s market cap and around 8.40% of the total institutional ownership; VANGUARD GROUP INC, holding 2,122,178 shares of the stock with an approximate value of $11.33 million in UAVS stocks shares; and BLACKROCK INC., currently with $5.58 million in UAVS stock with ownership of nearly 25.389% 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 51 institutional holders increased their position in AgEagle Aerial Systems Inc. [AMEX:UAVS] by around 4,741,045 shares. Additionally, 25 investors decreased positions by around 439,134 shares, while 5 investors held positions by with 4,927,978 shares. The mentioned changes placed institutional holdings at 10,108,157 shares, according to the latest SEC report filing. UAVS stock had 35 new institutional investments in for a total of 1,724,713 shares, while 8 institutional investors sold positions of 171,819 shares during the same period.