Why AgEagle Aerial Systems Inc. (AMEX: UAVS) Is A Stock Not To Be Discarded In 2024

In the last trading session, 8.14 million shares of the AgEagle Aerial Systems Inc. (AMEX:UAVS) were traded, and its beta was 3.53. Most recently the company’s share price was $0.10, and it changed around -$0.02 or -20.82% from the last close, which brings the market valuation of the company to $1.67M. UAVS currently trades at a discount to its 52-week high of $3.92, offering almost -3820.0% off that amount. The share price’s 52-week low was $0.08, which indicates that the current value has risen by an impressive 20.0% since then. We note from AgEagle Aerial Systems Inc.’s average daily trading volume that its 10-day average is 26.73 million shares, with the 3-month average coming to 4.43 million.

AgEagle Aerial Systems Inc. (AMEX:UAVS) trade information

Instantly UAVS has showed a red trend with a performance of -20.82% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 0.2671 on recent trading dayincreased the stock’s daily price by 62.56%. The company’s shares are currently down -95.41% year-to-date, but still down -63.78% over the last five days. On the other hand, AgEagle Aerial Systems Inc. (AMEX:UAVS) is -67.85% down in the 30-day period. We can see from the shorts that 1.53 million shares have been sold at a short interest cover period of 3.29 day(s).

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Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -9.57%.

UAVS Dividends

AgEagle Aerial Systems Inc.’s next quarterly earnings report is expected to be released in November.

AgEagle Aerial Systems Inc. (AMEX:UAVS)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 11.92% of AgEagle Aerial Systems Inc. shares, and 2.35% of them are in the hands of institutional investors. The stock currently has a share float of 2.67%.