AgEagle Aerial Systems (AgEagle Aerial Systems) Momentum Rank : 2 (As of May. 03, 2024)

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What is AgEagle Aerial Systems Momentum Rank?

AgEagle Aerial Systems has the Momentum Rank of 2.

For Momentum Rank, we considered the residual momentum concept that was widely studied by Blitz and his colleagues as well as by Nobel Prize laureates Fama and French. However, we did not find any significant differences in the performances of stocks with different ranks of residual momentum. Therefore, we use traditional momentum instead.

Momentum Rank is determined using the standardized momentum ratio and other momentum indicators. The standardized momentum ratio is the average of the performances from 12 months ago to 1 month ago and 6 months ago to 1 month ago, divided by the beta of the stock over the past 12 months. To calculate the momentum ratio today, we would use the average of the two performance numbers.

For momentum, we found that stock price performance does not have a monotonic correlation with the momentum ratio. The stocks with the highest momentum ratios perform worse than those at about the 70th percentile. Therefore, for the momentum rank, we ranked the stocks at about the 70th percentile of the momentum ratio as the highest at 10.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Competitive Comparison of AgEagle Aerial Systems's Momentum Rank

For the Computer Hardware subindustry, AgEagle Aerial Systems's Momentum Rank, along with its competitors' market caps and Momentum Rank data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

AgEagle Aerial Systems's Momentum Rank Distribution in the Hardware Industry

For the Hardware industry and Technology sector, AgEagle Aerial Systems's Momentum Rank distribution charts can be found below:

* The bar in red indicates where AgEagle Aerial Systems's Momentum Rank falls into.

AgEagle Aerial Systems Momentum Rank Related Terms

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AgEagle Aerial Systems (AgEagle Aerial Systems) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » AgEagle Aerial Systems Inc (AMEX:UAVS) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

29ZA:Germany

Address

8863 East. 34th Street North, Wichita, KS, USA, 67226

Website

https://www.ageagle.com

AgEagle Aerial Systems Inc is a provider of drone imagery data analytics for the precision and sustainable agriculture markets. It designs, produces, distributes, and supports technologically- advanced small unmanned aerial systems (UAVs) that it offers for sale commercially to the precision agriculture industry. Its segments include Drones, Sensors and Software-as-a-Service (SaaS). The company's majority revenue is derived primarily through the sales of drones and drone-related products.

Executives

Barrett Mooney	director, officer: Chairman and CEO	C/O AGEAGLE AERIAL SYSTEMS, INC., 8863 E. 34TH STREET NORTH, WICHITA KS 67226
Nicole M. Fernandez-mcgovern	officer: Chief Financial Officer	C/O AGEAGLE AERIAL SYSTEMS INC., 8863 E. 34TH STREET NORTH, WICHITA KS 67226
Kelly Anderson	director	C/O TOMI ENVIRONMENTAL SOLUTIONS, INC., 9454 WILSHIRE BLVD., R-1, BEVERLY HILLS CA 90212
Grant A Begley	director	420 ROYAL PALM WAY, SUITE 100, PALM BEACH FL 33480
Thomas J Gardner	director	C/O AGEAGLE AERIAL SYSTEMS, INC., 117 SOUTH 4TH STREET, NEODESHA KS 66757
Michael D O'sullivan	officer: Chief Commercial Officer	C/O AGEAGLE AERIAL SYSTEMS, INC., 8863 E. 34TH STREET NORTH, WICHITA KS 67226
Luisa Ingargiola	director	4826 BLUE JAY CIRCLE, PALM HARBOR FL 34683
Bret Chilcott	director, officer: CEO, President, Secretary	C/O AGEAGLE AERIAL SYSTEMS, INC., 117 SOUTH 4TH STREET, NEODESHA KS 66757
Michael Drozd	officer: Chief Executive Officer	117 S. 4TH STREET, NEODESHA KS 66757
Kull Corbett	director	C/O AGEAGLE AERIAL SYSTEMS, INC., 117 SOUTH 4 STREET, NEODESHA KS 66757
Louis G Schott	officer: Chief Financial Officer	4040 BROADWAY, SUITE 508, SAN ANTONIO TX 78209
Scott R Burell	director	6500 HARBOUR HEIGHTS PKWY #303, MUKILTEO WA 98275
Lindsay Katrina Edwards	director	C/O AGEAGLE AERIAL SYSTEMS, INC., 117 SOUTH 4TH STREET, NEODESHA KS 66757
Kent Roach	officer: Executive Vice President	4040 BROADWAY, SUITE 508, SAN ANTONIO TX 78209
David L Kunovic	officer: Vice President of Exploration	4040 BROADWAY, SUITE 508, SAN ANTONIO TX 78209