Reasons why AgEagle Aerial Systems Inc.’s (AMEX:UAVS) fundamentals are futile

In yesterday’s Wall Street session, AgEagle Aerial Systems Inc. (AMEX:UAVS) shares traded at $0.15, down -8.22% from the previous session.

1 analysts cover AgEagle Aerial Systems Inc. (AMEX:UAVS), according to research data. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $453.75 and a low of $453.75, we find $453.75. Given the previous closing price of $0.16, this indicates a potential upside of 283493.75 percent. UAVS stock price is now -1.04% away from the 50-day moving average and -48.15% away from the 200-day moving average. The market capitalization of the company currently stands at $17.63M.

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The stock has received a hold rating from 0 analysts and a buy rating from 1. Brokers who have rated the stock have averaged $453.75 as their price target over the next twelve months.

A total of 9.89% of the company’s stock is owned by insiders.

On Thursday morning AgEagle Aerial Systems Inc. (AMEX: UAVS) stock kicked off with the opening price of $0.1700. During the past 12 months, AgEagle Aerial Systems Inc. has had a low of $0.10 and a high of $0.60. As of last week, the company has a debt-to-equity ratio of 0.25, a current ratio of 1.36, and a quick ratio of 0.59. The fifty day moving average price for UAVS is $0.1508 and a two-hundred day moving average price translates $0.2865 for the stock.

The latest earnings results from AgEagle Aerial Systems Inc. (AMEX: UAVS) was released for Sep, 2023. The net profit margin was -422.61% and return on equity was -106.20% for UAVS. The company reported revenue of $3.48 million for the quarter, compared to $5.49 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -36.55 percent.

AgEagle Aerial Systems Inc.(UAVS) Company Profile

AgEagle Aerial Systems, Inc. engages in designing and delivering autonomous unmanned aerial systems worldwide. The company operates in three segments: Drones; Sensors; and Software-as-a-Service (SaaS). It offers unmanned aerial vehicles under the eBee Ag, eBee Geo, eBee TAC, eBee X, and eBee VISION brands; and sensor solutions, such as Altum-PT, RedEdge-P, Aeria X, Duet M, Duet T, S.O.D.A., and S.O.D.A. 3D sensors. The company also provides software solutions comprising Ground Control, an operating system that offers individual pilots, as well as automates drone operation workflows for large enterprises; eMotion, a drone flight and data management solution; and HempOverview, an advanced aerial-image-based data collection and analytics solution for agriculture. It serves agriculture, military/defense, public safety, surveying/mapping, and utilities/engineering. AgEagle Aerial Systems, Inc. was founded in 2010 and is headquartered in Wichita, Kansas.

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