Unusual Machines, Inc. (NYSEAMERICAN:UMAC – Get Free Report) was the recipient of some unusual options trading activity on Thursday. Stock investors acquired 36,144 call options on the stock. This represents an increase of 379% compared to the typical daily volume of 7,552 call options.
Unusual Machines Trading Up 7.4%
Unusual Machines stock opened at $31.78 on Friday. The stock has a market cap of $1.52 billion, a price-to-earnings ratio of -75.66 and a beta of 14.32. The company’s 50-day moving average price is $15.26 and its two-hundred day moving average price is $13.93. Unusual Machines has a 52 week low of $4.81 and a 52 week high of $32.36.
Unusual Machines (NYSEAMERICAN:UMAC – Get Free Report) last released its earnings results on Thursday, May 14th. The company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.15). The company had revenue of $8.10 million for the quarter, compared to analyst estimates of $5.54 million. Unusual Machines had a negative net margin of 32.71% and a negative return on equity of 11.83%. Research analysts expect that Unusual Machines will post -0.38 earnings per share for the current fiscal year.
Key Unusual Machines News
- Positive Sentiment: Reports that the Trump administration and Pentagon are considering funding deals and possible equity stakes in U.S. drone makers lifted sentiment across the sector, with Unusual Machines singled out as a potential beneficiary. Unusual Machines and other drone stocks surge on report Pentagon considering stakes in the industry
- Positive Sentiment: Unusual Machines announced it will participate in several upcoming investor conferences in June, which could increase visibility and help the company meet with potential investors. Unusual Machines to Participate in June Investor Conferences
- Positive Sentiment: Trading activity also suggests heightened speculative interest, with unusual call-option volume implying investors are betting on further upside. Unusual Machines Target of Unusually High Options Trading (NYSEAMERICAN:UMAC)
- Neutral Sentiment: CEO services agreement changes and the CFO’s pre-arranged share sale were disclosed, but the CFO transaction was executed under a Rule 10b5-1 plan, which makes it less likely to be viewed as an immediate negative signal. Unusual Machines Extends CEO Services Agreement, Increases Fee
- Negative Sentiment: Unusual Machines CFO Brian Joseph Hoff sold 150,000 shares, a move that can create some concern about insider selling even though it was part of a pre-arranged trading plan. SEC filing for CFO share sale
Analyst Ratings Changes
UMAC has been the topic of several recent research reports. Needham & Company LLC lifted their price objective on shares of 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 initiated coverage on shares of Unusual Machines in a research report on Wednesday, May 13th. They issued a “buy” rating and a $25.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Unusual Machines has a consensus rating of “Buy” and an average price target of $22.33.
Check Out Our Latest Analysis on Unusual Machines
Insider Activity at Unusual Machines
In related news, President Andrew Ross Camden sold 9,625 shares of Unusual Machines stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $18.57, for a total value of $178,736.25. Following the sale, the president directly owned 356,375 shares in the company, valued at $6,617,883.75. This trade represents a 2.63% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Brian Joseph Hoff sold 150,000 shares of Unusual Machines stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $17.71, for a total transaction of $2,656,500.00. Following the completion of the sale, the chief financial officer owned 352,650 shares in the company, valued at approximately $6,245,431.50. This represents a 29.84% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 185,768 shares of company stock worth $3,322,537 in the last ninety days. 7.50% of the stock is owned by insiders.
Hedge Funds Weigh In On Unusual Machines
Large investors have recently bought and sold shares of the stock. BlueCrest Capital Management Ltd acquired a new position in Unusual Machines during the 3rd quarter valued at about $2,168,000. Tudor Investment Corp ET AL increased its stake in Unusual Machines by 201.0% during the 3rd quarter. Tudor Investment Corp ET AL now owns 1,207,460 shares of the company’s stock valued at $18,233,000 after buying an additional 806,359 shares during the period. FNY Investment Advisers LLC increased its stake in Unusual Machines by 293.4% during the 4th quarter. FNY Investment Advisers LLC now owns 120,001 shares of the company’s stock valued at $1,528,000 after buying an additional 89,500 shares during the period. Moody National Bank Trust Division acquired a new position in shares of Unusual Machines in the 4th quarter worth approximately $549,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Unusual Machines in the 4th quarter worth approximately $1,776,000.
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.
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