AgEagle Aerial Systems (NYSEAMERICAN:UAVS) is garnering lots of attention recently, and rightly so. UAVS stock took a hit after earnings, but it looks as if it was a temporary setback.
The company is well-aligned to make serious inroads into the emerging unmanned aerial vehicles industry. Shares recently jumped into the $3-4 range. Shares remained flat around 50 cents throughout 2019. Thus, markets are keenly interested in AgEagle Aerial Systems’ strategy and underlying fundamentals.
Let’s look at the strategic direction that newly appointed CEO J. Michael Drozd outlined in his press release to shareholders back in early July. The letter clearly indicates the three industry sectors the company intends to pursue.
A Closer Look at UAVS Stock