The AgEagle Aerial Systems Inc. (UAVS) shares are trading at lower $2.86.
To add more color to this target, the company’s high over the last year is $5.15 and the low is $0.19. Over the last 52 weeks, UAVS is down -44.47% while the S&P 500 is up 1.23%. The catalyst for this interesting swing was the company’s recent earnings report.
A Notable Earnings Report
In the last quarter, UAVS reported a profit of $-0.4 million. AgEagle Aerial Systems Inc. also saw revenues decrease to $0.39 million. In addition, UAVS has free cash flow of -$0.36 million as of 03-2020. The company’s EBITDA came in at -$0.36 million which compares well with its peers.
UAVS Return on Equity (ROE) is -50.90%, and its Return on Assets is -46.40%. All told, it is clear that, UAVS needs to be on your watchlist.
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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. UAVS has a short ratio of 0.15 and outstanding shares of 43.62M.
UAVS has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 9.75 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -0.16. AgEagle Aerial Systems Inc. UAVS also noted assets of $4.25 million at the end of the last quarter. Investors should also keep an eye on sector updates as UAVS has historically followed its peers on positive news.
All told, AgEagle Aerial Systems Inc. UAVS has strung together solid data and demonstrated underlying fundamentals. At its current valuation, UAVS represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.
AgEagle Aerial Systems Inc. UAVS is now commanding a market cap of 129.19M and a float of 28.61M. UAVS is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of UAVS stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in UAVS, either long or short, and we have not been compensated for this article.