12/1/2023 0 Comments Ag eagle stock price![]() ![]() Just a day later, AgEagle issued an emphatic rebuttal. “We have found no evidence of any ‘major e-commerce customer’ or any drone technology credited to AgEagle other than reference to the Promo Video leaked by AgEagle’s founder and former Chairman Bret Chilcott’s daughter,” asserted Bonitas. But they also argued that the AgEagle share price increased due to rumors of the company potentially securing an important e-commerce client. The authors of the Bonitas report admitted that they have a short position on the stock. In February, analysts from Bonitas Research claimed that UAVS stock was just “a pump & dump scheme.” However, evidently not everyone sees the drone maker in a positive light. Since that time, nothing has really changed concerning AgEagle’s drive to execute on its business strategy and innovate in the field of drone technology. In defense of that position, I pointed out that, according to the company’s released fiscal results, the company’s revenues increased by 516% during the six months ending on June 30, 2020, compared to the same six-month period of 2019. Last year, I reported on AgEagle’s leadership position as a designer and manufacturer of unmanned aerial vehicles (UAVs, hence the ticker), otherwise known as drones. Next, re-capturing $12 and then $15 will be crucial as the bulls work to minimize the damage and eventually target new 52-week highs. 22, the stock is priced at $7.73.īut now, it at least appears that the worst part of the drawdown is in the rearview mirror. ![]() ![]() It’s surely no coincidence that the share price plunged below $9 that day. Things then continued to go quite well for the bulls until a negative report about the company was issued on Feb. 10, UAVS stock touched an astounding 52-week high of $17.68. And that wasn’t even the end of its journey into the clouds. The stock ran up to $6 by the end of 2020. In fact, we’ll probably never see that penny-stock price again. Considering that the share price was around 34 cents a year ago, it’s amazing that shares now change hands at almost $8. Much like a drone itself, UAVS stock has flown high and far over the past year. For this article, we’ll try to get to the bottom of the allegations surrounding this company, as well as highlight this stock’s future prospects. But is that a red flag? Or is it a prime buying opportunity? That report seems to have been a contributing factor to the recent decline of UAVS stock. So, how could anyone possibly object to a proud, made-in-America drone manufacturer like this name? It’s hard to imagine, but one particular research firm recently issued a scathing review of AgEagle. ![]()
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