Why is UAV stock going down?
Shares of AgEagle Aerial Systems (NYSEMKT: UAVS) traded down as much as 20% on Thursday after a short-seller issued a report calling the company "a pump & dump scheme" designed "to defraud U.S. investors." We've chronicled AgEagle's meteoric recent rise.
Is UAVS stock a good buy?
Ageagle Aerial Systems Inc (NYSE American:UAVS) The 1 analysts offering 12-month price forecasts for Ageagle Aerial Systems Inc have a median target of 453.75, with a high estimate of 453.75 and a low estimate of 453.75.
Why did UAVS stock go up today?
Why AgEagle Aerial Systems Stock Is Up Today. Shares of AgEagle Aerial Systems (NYSEMKT: UAVS) jumped as much as 27% on Friday morning after the drone maker said its subsidiary had been selected, along with other vendors, to work with the Defense Department.
Is UAVS a good long term stock?
Historical index on US Stock Market : B+ "Should I invest in AgEagle Aerial Systems stock?" "Should I trade "UAVS" stock today?" According to our live Forecast System, AgEagle Aerial Systems Inc. stock is a bad long-term (1-year) investment*.
Is UAVS being shorted?
Short Shares Availability This table shows the number of shares of US:UAVS available to be shorted at a leading prime brokerage.
Is UAVS undervalued?
(NYSE:UAVS) is highly overvalued because the company does not possess cutting-edge drones, boasts poor margins, and has a poor outlook even in a bull scenario.
What is the target price for UAVs?
$453.75Stock Price Target UAVSHigh$453.75Median$453.75Low$453.75Average$453.75Current Price$0.84
What is the RSI of UAVs stock?
Ageagle Aerial Systems Inc (UAVS)PeriodRelative StrengthPercent R14-Day35.68%82.76%20-Day38.97%89.91%50-Day41.49%93.33%100-Day44.11%96.73%1 more row
What does UAV stand for?
unmanned aerial vehicleunmanned aerial vehicle (UAV), military aircraft that is guided autonomously, by remote control, or both and that carries sensors, target designators, offensive ordnance, or electronic transmitters designed to interfere with or destroy enemy targets.
Is IDEX good stock?
Is IDEX a Good Stock to Buy? In my judgment, IDEX is a good stock to buy at current prices. It is relatively cheap compared to other EV car companies such as Nio and Tesla. In addition, it is racking up strategic partnerships along the way, making it a competitive player in a post-fossil-fuel-driven world.
Its Financials and Warrants Are Interesting
Where UAVS Stock May Be Headed
The company recently reported that it made just $16,000 in revenue during its most recent quarter. For the six months ending June 30 sales were $408,000.
This May Be Only a Test
In a presentation dated Sept. 9, the company said it now has $25 million in cash. That is $2.2 more than the $22.8 million than I can account for in its public statements, so it might have taken on some debt.
The Bottom Line on UAVS Stock
On Aug. 31, CNBC reported that the FAA had approved Amazon’s application to use drones for delivery. Moreover, according to the website, the agency gave the company a waiver of regulations which require operators to remain within the physical line of sight of drones.
UAVS Stock Failing to Appease Investors
Investors who expect AgEagle to get a huge order from Amazon within six months are likely to be disappointed. And Amazon could, after testing AgEagle’s drones for awhile, decide to turn instead to a company that has more experience developing delivery drones.
Positive Storyline Still Available
Unfortunately, even the prospect of a cannabis-related revenue stream (just in case the drone delivery business doesn’t work out) hasn’t saved UAVS stock from volatility since the middle of July. Though shares have poked its head into the clouds every now and then, the overriding trend has been negative.
The Pandemic Hurt AgEagle
Though the present volatility in UAVS stock worries me, the bullish case for AgEagle isn’t completely out of the picture. One factor that could really help AgEagle, particularly if President Donald Trump somehow wins reelection, is that the company is based in the U.S. According to a brief write-up on BNN Bloomberg:
Still a Long Way to Go
I covered the AgEagle story in great detail earlier this summer, and those interested in a comprehensive look at the company’s history and development should read that column. At the time, I concluded that AgEagle had a potentially interesting story, but that it wasn’t quite “ ready for primetime ” just yet.
The Verdict on UAVS Stock
While the company is potentially set to report a record quarter this fall, don’t get too excited just yet. Even if its revenue comes in closer to a million dollars, its business is still tiny. Usually, publicly traded companies don’generate such paltry revenues and remain in business for long.
What happens if you buy United Parcel Service stock?
AgEagle’s Q2 earnings report was a mixed bag. It wasn’t great that the company generated so little revenue. But it had a legitimate reason for that shortfall.
When will UPS report 2021 results?
Answer: If you buy and hold United Parcel Service stock, the expectation is over time the near-term fluctuations will cancel out, and the long-term positive trend will favor you - at least if the company is otherwise strong.
Is the average return on a stock after a rise lower than after a fall?
United Parcel Service is scheduled to report its Q1 2021 results on Tuesday, April 27. We expect UPS to likely post revenue and earnings above the street expectations, due to higher demand for residential deliveries. That said, given that several offices remain shut or working with a limited capacity, the business deliveries will likely see continued headwinds. An overall rebound in economic activities likely boded well for the company’s freight forwarding as well as international outbound business. We expect the company to navigate well based on these trends over the latest quarter.
