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Is AgEagle Aerial Systems a Good Drone Stock to Add to Your Portfolio? -Breaking

by Mike Robinson

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© Reuters. Are AgEagle Aerial Systems Drone Stocks Worth Adding to Your Portfolio?

AgEagle Aerial Systems’ (UAVS) shares have risen in value after the announcement that one its wholly owned subsidiaries will be joining Blue sUAS2.0. The stock is not a good investment as the company continues to struggle organically. You can read more. Commercial drone technology company AgEagle Aerial Systems, Inc., which is based in Wichita, Kansas, designs, manufactures, and markets drones to precision agriculture in America and around the world. Its shares have soared 4.9% in price over the past five days thanks to its wholly-owned subsidiary, senseFly’s, inclusion in the Blue sUAS 2.0 List of Drone Suppliers, which was published by the U.S. Defense Innovation Unit earlier last month. However, UAVS’ stock price has tumbled 21.8% over the past three months and 47.7% over the past six months to close the last trading session at $2.87.

Although this leading drone solutions provider’s strategic acquisition of award-winning aerial intelligence solutions company, Measure, has helped improve its revenue in its last reported quarter, its high operational losses have reduced investor interest in the stock. The stock currently trades below the respective $3.05 and $5.55 50- and 200-day moving mean, which indicate a downward trend.

In addition, the company’s share issuances to fund its growth could be worrisome for investors.

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