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In a recent filing with the Securities and Exchange Commission, L.B. Day, a director at AgEagle Aerial Systems Inc. (NYSE:UAVS), reported the purchase of 1,000 shares of the company's common stock. The transaction, which took place on April 7, 2025, was executed at a price of $1.02 per share, amounting to a total investment of $1,020. The purchase comes as the stock has declined nearly 98% over the past year, with the company's market capitalization currently standing at approximately $13 million. InvestingPro data shows the stock's RSI indicates oversold conditions.
Following this acquisition, Day's total holdings in AgEagle Aerial Systems stand at 15,000 shares. The transaction was carried out directly by Day, as indicated in the filing. AgEagle Aerial Systems is based in Wichita, Kansas, and specializes in the manufacture of aircraft systems. The company currently maintains a current ratio of 1.39 and operates with a moderate debt level. Want deeper insights into insider trading patterns and 13 additional exclusive ProTips? Check out InvestingPro.
In other recent news, AgEagle Aerial Systems Inc. has announced the successful completion of its largest sensor sale, delivering 60 RedEdge-P Multispectral Sensors to an East Asian reseller. This milestone highlights AgEagle's commitment to expanding its operational reach and enhancing its strategic growth plan. Additionally, the company secured a new funding agreement with Alpha Capital Anstalt, allowing for an additional $1,000,000 investment in AgEagle's Series F Convertible Preferred Stock. This agreement includes quarterly financing over the next year and aims to support AgEagle's growth initiatives.
AgEagle also introduced its eBee VISION 2.1.0 application software, which improves mapping capabilities and situational awareness for defense and commercial users. The software update includes features like high-definition video surveillance and GNSS-denied operation, enhancing the drone's tactical advantages. Furthermore, AgEagle participated in the Enforce Tac trade fair in Germany, showcasing its eBee VISION and eBee TAC systems, which are designed for security and defense applications.
The company has made strategic leadership appointments, with Steve Mathias as Vice President of Global Sales and Business Development and Erik de Badts as Global Head of MicaSense Sales. These appointments are part of AgEagle's plan to strengthen its global sales strategy and boost revenue growth. Investors are closely monitoring these developments as AgEagle continues to expand its market presence and technological capabilities in the UAS industry.
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