AgEagle Aerial Systems Inc. (AMEX:UAVS) traded with a subtraction of $0.0 to $0.17 on Thursday, an upside of 1.69 percent. An average of 798,130 shares of common stock have been traded in the last five days. There was a fall of -$0.0150 in the past week, and it reached a new high 5 times over the past 12 months. The last 20 days have seen an average of 1,768,888 shares traded, while the 50-day average volume stands at 1,489,617.
UAVS stock has decreased by -2.46% in the last month. The company shares reached their 1-month lowest point of $0.1628 on 09/07/23. With the stock rallying to its 52-week high on 02/02/23, shares of the company touched a low of $0.15 and a high of $0.65 in 52 weeks. It has reached a new high 9 times so far this year and lost -50.11% or -$0.1750 in price. In spite of this, the price is down -73.14% from the 52-week high.
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Valuation Metrics
AgEagle Aerial Systems Inc. (UAVS) has a trailing price-to-earnings (P/E) ratio of N/A for the broader industry. The stock’s beta is 3.61. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.11, the price-to-book (PB) ratio at 0.46.
Financial Health
The quick ratio of AgEagle Aerial Systems Inc. for the recent quarter was 1.16, and the current ratio was 2.18, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.10 and a total debt to equity ratio of 0.17 for the recent quarter. Its gross profit as reported stood at -$64.28 million compared to revenue of $19.09 million.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, AgEagle Aerial Systems Inc.’s return on assets was -69.89%.
Earnings Surprise
For the recent quarter, AgEagle Aerial Systems Inc. had $0.42 million in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$5.29 million in the quarter, while revenues were shrunk -5.86%. Shareholders own equity worth $109.51 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at AgEagle Aerial Systems Inc. (UAVS) price momentum. RSI 9-day as of the close on 27 September was 41.15%, suggesting the stock is Neutral, with historical volatility in this time frame at 83.47%.
As of today, UAVS’s price is $0.1818 -7.89% or -$0.0150 from its 5-day moving average. UAVS is currently trading +6.77% higher than its 20-day SMA and -53.76% lower than its 100-day SMA. However, the stock’s current price level is -28.01% below the SMA50 and -57.29% below the SMA200.
The stochastic %K and %D were 18.55% and 27.01%, respectively, and the average true range (ATR) was 0.0150. With the 14-day stochastic at 11.37% and the average true range at 0.0157, the RSI (14) stands at 43.17%. The stock has reached -0.0129 on the 9-day MACD Oscillator while the 14-day reading was at -0.0153.
What is UAVS’s price target for the next 12 months?
Analysts predict a range of price targets between $453.75 and $453.75, with a median target of $453.75. Taking a look at these predictions, the average price target given by analysts for AgEagle Aerial Systems Inc. (UAVS) stock is $453.75.
