AgEagle Aerial Systems Inc. (AMEX: UAVS) Plunges -20.82% And Its 68.84% Stock Volatility Is Bewildering

AgEagle Aerial Systems Inc. (AMEX:UAVS) does about 4.43M shares in volume on a normal day but saw 8138059 shares change hands in the recent trading day. The company now has a market cap of 1.67M USD. Its current market price is $0.10, marking a decrease of -20.82% compared to the previous close of $0.12. The 52 week high reached by this stock is $3.92 whilst the lowest price level in 52 weeks is $0.08.

AgEagle Aerial Systems Inc. (UAVS) has a 20-day trading average at $0.2355 and the current price is -97.55% off the 52-week high compared with 22.24% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.3276 and its 200-day simple moving average is $0.8365. If we look at the stock’s price movements over the week, volatility stands at 68.84%, which decreases to 23.90% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 29.67 to suggest the stock is oversold.

The consensus objective for the share price is $18.15, suggesting that the stock has a potential upside of 99.45% over the period.

The current price level is -60.70%, -71.28%, and -88.64% away from its SMA20, SMA50, and SMA200 respectively, with the UAVS price moving above the 50-day SMA on current market day. AgEagle Aerial Systems Inc. (UAVS) stock is down -63.78% over the week and -67.85% over the past month. Its price is -95.41% year-to-date and -97.11% over the past year.

The company’s next earnings report forecasts estimating quarterly EPS at 0 and 0 for whole year.

To reach the target analysts have set, the stock logically needs to grow 99.45 percent from here.

The company has a return on investment of -397.30% and return on equity of -169.63%. The beta has a value of 3.53. Price to book ratio is 0.16 and price to sales ratio is 0.12.