Why is UAVS stock dropping?

Why is UAVS stock dropping?

Why is UAVS stock dropping?

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.”

What does AG Eagle do?

AgEagle Aerial Systems, Inc. operates as a commercial agricultural drone company. The Company designs, develops, distributes, and supports technologically advanced small unmanned aerial vehicles and drones for precision agriculture industry. AgEagle Aerial Systems serves agriculture industry worldwide.

Is UAVS overvalued?

In short, AgEagle Aerial Systems (AMEX:UAVS, 30-year Financials) stock is estimated to be significantly overvalued. The company’s financial condition is fair and its profitability is poor. Its growth ranks in the middle range of the companies in Aerospace & Defense industry.

Are drones a good investment?

Delivery drones themselves had a market value of approximately $2 billion in 2020, a value expected to grow at a CAGR of 14% until 2026, making it reach $5.6 billion. With that context in mind, it is evident that the drone industry is becoming ever more profitable and is reaching unprecedented highs.

Should I buy BNGO stock?

On June 16, research firm BTIG started coverage of BNGO stock, giving the shares a “buy” rating and a $10 price target. The firm thinks that the company is close to revolutionizing the DNA analysis market. Consequently, long-term investors should definitely buy BNGO stock on its current weakness.

Where is Ag Eagle located?

Wichita, Kansas
Wichita, Kansas, the “Air Capital of the World,” is home to AgEagle’s corporate headquarters and world class manufacturing, assembly, design, engineering, prototyping and testing operations.

How many employees does AG Eagle have?

Compare UAVS With Other Stocks

AGEAGLE AERIAL SYSTEMS, INC Annual Number of Employees
2020 11
2019 10
2018 6
2017 1

Will Uavs stock go up?

Will AgEagle Aerial Systems stock price grow / rise / go up? Yes. The UAVS stock price can go up from 3.260 USD to 7.036 USD in one year.

What are the top 10 drone companies?

Ranking of Hardware Companies That Make Drones and Drone Accessories.

  • DJI. DJI is one of the top consumer drone manufacturers, known mainly for their Mavic series.
  • Yuneec.
  • Kespry.
  • Autel Robotics.
  • Skydio.
  • Delair.
  • EHang.
  • Aerialtronics.