Over the last year, AgEagle Aerial Systems, Inc. (UAVS) shares have appreciated more than 1600% to reach $10 on January 15. The market capitalization of the company was $554.05 million. Currently, conditions are favorable for the company, and because the drone delivery market is growing briskly, sales can rapidly increase.
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AgEagle is an unmanned aerial vehicle (UAV), developer and manufacturer. The company has two main UAV models specifically designed for the agriculture market, the largest market for drones worldwide. Drones are used to monitor large farmland areas, locating infestations of plant pests, assessing vegetation, etc
AgEagle does more than provide engineering support – they assemble UAVs for third-party customers as well. Following this direction will result in the highest possible sales increase rates.
AgEagle’s share prices have been pushed higher by rumors that its development of a transportation drone for the Amazon Inc (AMZN) delivery service has triggered more significant stock price gains. AgEagle could start producing large-scale UAVs that can deliver goods if the rumor is true, provided that development is successful.
The shares of AgEagle have increased substantially due to speculation. Therefore, the risk level for this direction of investment is elevated. Further, the company has almost an order of magnitude more considerable losses than it has in terms of sales. Despite this, the UAV market retains long-term prospects amid the ongoing labor automation trend.