Unusual Machines, Inc. (NYSEAMERICAN:UMAC – Get Free Report) Director Jeffrey Thompson sold 15,000 shares of the stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $27.42, for a total value of $411,300.00. Following the transaction, the director owned 4,779,392 shares in the company, valued at approximately $131,050,928.64. This trade represents a 0.31% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Unusual Machines Stock Down 7.5%
Shares of NYSEAMERICAN:UMAC traded down $1.95 during trading on Tuesday, reaching $23.90. The stock had a trading volume of 6,258,578 shares, compared to its average volume of 5,226,108. The stock has a fifty day simple moving average of $16.93 and a two-hundred day simple moving average of $14.78. Unusual Machines, Inc. has a 52 week low of $7.24 and a 52 week high of $34.36. The firm has a market capitalization of $1.14 billion, a price-to-earnings ratio of -56.90 and a beta of 14.63.
Unusual Machines (NYSEAMERICAN:UMAC – Get Free Report) last posted its quarterly earnings data on Thursday, May 14th. The company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.15). Unusual Machines had a negative return on equity of 11.83% and a negative net margin of 32.71%.The firm had revenue of $8.10 million for the quarter, compared to the consensus estimate of $5.54 million. On average, analysts forecast that Unusual Machines, Inc. will post -0.38 EPS for the current year.
Institutional Inflows and Outflows
Analyst Ratings Changes
Several brokerages have recently issued reports on UMAC. Needham & Company LLC raised their price target on Unusual Machines from $20.00 to $22.00 and gave the company a “buy” rating in a research report on Friday, May 15th. Roth Mkm boosted their price objective on Unusual Machines to $40.00 and gave the stock a “buy” rating in a research report on Tuesday, June 2nd. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of $27.33.
Get Our Latest Stock Report on Unusual Machines
About Unusual Machines
Unusual Machines, Inc designs, manufactures, and sells ultra-low latency video goggles for drone pilots. It operates a drone-focused e-commerce marketplace. The company serves drone pilots, hobbyists, and recreational services. The company was formerly known as AerocarveUS Corporation and changed its name to Unusual Machines, Inc in July 2022. Unusual Machines, Inc was incorporated in 2019 and is based in Orlando, Florida.
Featured Articles
- Five stocks we like better than Unusual Machines
- The Bank of Mom and Dad Is Booming—3 Stocks to Watch
- Corning Is Paving AI’s Future With Glass
- Why’s Amazon Suddenly Lagging the S&P 500, and Is It a Warning?
- Crypto Winter Is Here: 3 Stocks To Put On Ice This Summer
Receive News & Ratings for Unusual Machines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Unusual Machines and related companies with MarketBeat.com's FREE daily email newsletter.
