AgEagle Aerial Systems Inc. (AMEX: UAVS) stock jumped 1.92% on Monday to $0.52 against a previous-day closing price of $0.51. With 0.54 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.74 million shares. During the session, the Aerospace & Defense company that operates in wider Industrials sector, reached to the highest price of $0.5300 whereas the lowest price it dropped to was $0.5051. The 52-week range on UAVS shows that it touched its highest point at $1.54 and its lowest point at $0.30 during that stretch. Beta for the stock currently stands at 3.78.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of UAVS was up-trending over the past week, with a rise of 23.70%, but this was up by 44.39% over a month. Three-month performance surged to 12.27% while six-month performance fell -22.58%. The stock lost -56.68% in the past year, while it has gained 48.51% so far this year.
Float and Shares Shorts:
At present, 85.97 million UAVS shares are outstanding with a float of 79.60 million shares on hand for trading. On Dec 29, 2022, short shares totaled 3.98 million, which was 4.53% higher than short shares on Nov 29, 2022. In addition to Dr. Barrett Mooney Ph.D. as the firm’s Exec. Chairman & CEO, Ms. Nicole Fernandez-McGovern CPA serves as its CFO, Exec. VP of Operations & Sec.
Through their ownership of 10.12% of UAVS’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 7.45% of UAVS, in contrast to 5.31% held by mutual funds. Shares owned by individuals account for 4.79%. As the largest shareholder in UAVS with 3.49% of the stake, The Vanguard Group, Inc. holds 3,067,103 shares worth 3,067,103. A second-largest stockholder of UAVS, BlackRock Fund Advisors, holds 1,157,087 shares, controlling over 1.32% of the firm’s shares. Millennium Management LLC is the third largest shareholder in UAVS, holding 884,662 shares or 1.01% stake. With a 2.22% stake in UAVS, the Vanguard Total Stock Market Index is the largest stakeholder. A total of 1,950,222 shares are owned by the mutual fund manager. The Vanguard Extended Market Index Fu, which owns about 1.23% of UAVS stock, is the second-largest Mutual Fund holder. It holds 1,081,707 shares valued at 0.38 million. Fidelity Extended Market Index Fu holds 0.52% of the stake in UAVS, owning 459,439 shares worth 0.16 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Sep 29, 2022, UAVS reported revenue of $5.29M and operating income of -$5.39M. The EBITDA in the recently reported quarter was -$4.21M and diluted EPS was -$0.07.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for UAVS since 1 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With UAVS analysts setting a high price target of $453.75 and a low target of $453.75, the average target price over the next 12 months is $453.75. Based on these targets, UAVS could surge 87159.62% to reach the target high and rise by 87159.62% to reach the target low. Reaching the average price target will result in a growth of 87159.62% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. UAVS will report FY 2013 earnings on 02/28/2024. Analysts have provided yearly estimates in a range of $11.25 being high and $11.25 being low. For UAVS, this leads to a yearly average estimate of $11.25. Based on analyst estimates, the high estimate for the next quarter is $3.75 and the low estimate is $3.75. The average estimate for the next quarter is thus $3.75.
Summary of Insider Activity:
Insiders traded UAVS stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 8 while that of sell transactions has risen to 9 over the past year. The total number of shares bought during that period was 222,500 while 235,000 shares were sold.