|Bid||2.5600 x 3200|
|Ask||2.5700 x 4000|
|Day's range||2.5400 - 2.7500|
|52-week range||1.9400 - 17.6800|
|Beta (5Y monthly)||5.17|
|PE ratio (TTM)||N/A|
|Earnings date||31 Mar 2021|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
Investors have now had 24 hours to digest the AgEagle Aerial Systems (NYSEMKT: UAVS) earnings report, and they still aren't finding much to get excited about. The maker of small, agriculture-focused drones burst onto the scene last year, going from penny stock status valued by the market at less than $10 million to a nearly $1 billion market capitalization at its high on rumors the company was working with Amazon on a retail delivery drone. This week's earnings report appears to have poured a cold dose of reality on those dreams about what the business could become.
Shares of agriculture drone manufacturer AgEagle Aerial Systems (NYSEMKT: UAVS) crashed and slipped 9.7% as of 1:30 p.m. EDT Tuesday. The fact is the market has solid reasons to be miffed despite AgEagle just delivering stupendous second-quarter numbers. First, AgEagle isn't growing organically, but rather is banking heavily on acquisitions for growth.
NEW ORLEANS, July 31, 2021--Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC ("KSF"), announces that KSF has commenced an investigation into AgEagle Aerial Systems Inc. (NYSE: UAVS).