![]() ![]() This possibility was raised when the company announced “ the expansion of scope for its contracted commercial drone work through the receipt of follow-on purchase orders from a major ecommerce company.” It’s exciting to consider that AgEagle could soon be a famous name in the area of e-commerce logistics. On top of all that, the company reported that it had absolutely no long-term debt. In addition, there was $12.9 million in cash on AgEagle’s balance sheet during the first six months of 2020, which is much better than the $718,000 from the first half of 2019. That’s a substantial improvement from the 20% reported during the comparable period of last year. Furthermore, the gross profit margin on sales for that six-month period in 2020 was 54%. And when it comes to AgEagle’s recently released fiscal results, the numbers are exceptionally positive.įor the six months ending on June 30, revenues increased by a whopping 516% compared to the same six-month period of 2019. ![]() Exceptional Resultsįinancial data should be an important part of any informed investor’s repertoire of research. Therefore, at least in the short term, it’s fair to say that the bulls are in control. In fact, the share price has doubled since early June. Moreover, UAVS has increased in value throughout much of 2020 in spite of the novel coronavirus. Since the share price has been much higher than it is today, there’s the potential to recapture the stock’s previous high marks. Yet, UAVS wasn’t always classified as a penny stock. The UAVS stock price has remained under $4 for the entirely of 2020 so far. This is particularly true if there’s a positive news-based catalyst. Oftentimes, a cheap stock can literally double or triple in price in a matter of days. One of the reasons that UAVS stock’s upside movement could be magnified is that it is a low-priced stock. If that’s the case, then the price action in UAVS stock could be explosive. It’s possible that AgEagle is finalizing a partnership with a well-known e-commerce company. There’s some mystery surrounding the details, but that’s not necessarily a bad thing. There’s the potential for a massive revenue stream if this foray works out as planned. What the company didn’t mention in this description is that it’s venturing into a different area. hemp industry, precision farming and sustainable ag.” AgEagle describes itself as an “Industry leading provider of advanced aerial imagery & data collection & analytics solutions for the U.S. Still, there’s an argument to be made that specializing isn’t such a bad thing for a business to do. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |