Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. AgEagle Aerial Systems Inc. shares valued at $19,250 were sold by Mooney Barrett on May 17. At $0.77 per share, Mooney Barrett sold 25,000 shares. The insider’s holdings dropped to 100,000 shares worth approximately $71000.0 following the completion of this transaction.
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Also, Mooney Barrett sold 25,000 shares, netting a total of over 26,250 in proceeds. Following the sale of shares at $1.05 each, the insider now holds 100,000 shares.
Before that, Mooney Barrett had sold 25,000 shares from its account. In a trade valued at $23,250, the Chairman and CEO traded AgEagle Aerial Systems Inc. shares for $0.93 each. Upon closing the transaction, the insider’s holdings decreased to 25,000 shares, worth approximately $71000.0.
As published in a research note from Goldman on January 08, 2021, SecureWorks Corp. [SCWX] has been rated down from a Neutral to a Sell and the price target has been revised to $14. This represents a 19.21% premium over Wednesday’s closing price. Analysts at JP Morgan downgraded the stock from ‘”a Neutral”‘ to ‘”an Underweight”‘ outlook in a report released in early December. As of March 20, 2020, Goldman has increased its “Sell” rating to a “Neutral” for SCWX. Earlier on November 12, 2019, Goldman initiated its rating. Their recommendation was “a Sell” for SCWX stock.
Analyzing UAVS’s Price Performance
On Wednesday, AgEagle Aerial Systems Inc. [AMEX: UAVS] plunged -8.43% to $0.71. The stock’s lowest price that day was $0.66, but it reached a high of $0.75 in the same session. During the last five days, there has been a surge of approximately 6.12%. Over the course of the year, AgEagle Aerial Systems Inc. shares have dropped approximately -55.05%. Shares of the company reached a 52-week high of $1.7900 on 01/04/22 and a 52-week low of $0.5777 on 06/17/22. A 50-day SMA is recorded $0.8188, while a 200-day SMA reached $1.6667. Nevertheless, trading volume fell to 4.41 million shares from 41.93 million shares the previous day.
Support And Resistance Levels for AgEagle Aerial Systems Inc. (UAVS)
According to the 24-hour chart, there is a support level at 0.6605, which, if violated, would cause prices to drop to 0.6152. In the upper region, resistance lies at 0.7505. The next price resistance is at 0.7952. RSI (Relative Strength Index) is 45.66 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.0584, which suggests the price will decrease in the coming days. Percent R is at 68.71%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is AgEagle Aerial Systems Inc. subject to short interest?
Stocks of AgEagle Aerial Systems Inc. saw a sharp rise in short interest on Apr 28, 2022 jumping by 1.54 million shares to 10.34 million. Data from Yahoo Finance shows that the short interest on Mar 30, 2022 was 8.8 million shares. A jump of 14.89% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 4.78 of the overall float, the days-to-cover ratio (short ratio) jumped to 4.78.
Which companies own the most shares of AgEagle Aerial Systems Inc. (UAVS)?
According to BlackRock Fund Advisors filings, the company currently owns 4,112,055 shares, which is about 5.04% of the total UAVS shares outstanding. The investor’s shares have plunged by -66,130 from its previous 13-F filing of 4178185.0 shares. With the completion of the buy, SSgA Funds Management, Inc.’s stake is now worth $2,181,588. The Vanguard Group, Inc. reduced a -32.99% interest valued at $1.49 million while Global X Management Co. LLC sold a -65,137 stake. A total of 243,740 shares of AgEagle Aerial Systems Inc. were sold by Geode Capital Management LLC during the quarter, and -793,869 were sold by Renaissance Technologies LLC. In its current portfolio, Northern Trust Investments, Inc. holds 575,932 shares valued at $0.45 million.
In terms of AgEagle Aerial Systems Inc. share price expectations, FactSet research, analysts set an average price target of $453.75 in the next 12 months, up nearly 58828.57% from the previous closing price of $0.77. Analysts anticipate AgEagle Aerial Systems Inc. stock to reach $453.75 by 2022, with the lowest price target being $453.75. In spite of this, 1 analysts ranked AgEagle Aerial Systems Inc. stock as a Buy at the end of 2022.