Jeffrey Thompson Sells 15,000 Shares of Unusual Machines (NYSEAMERICAN:UMAC) Stock

Unusual Machines, Inc. (NYSEAMERICAN:UMACGet Free Report) Director Jeffrey Thompson sold 15,000 shares of the company’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $26.96, for a total value of $404,400.00. Following the completion of the sale, the director owned 4,794,392 shares in the company, valued at $129,256,808.32. This represents a 0.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Unusual Machines Trading Down 7.5%

Unusual Machines stock traded down $1.95 during midday trading on Tuesday, reaching $23.90. 6,258,578 shares of the company were exchanged, compared to its average volume of 9,437,249. The firm’s 50-day simple moving average is $17.17 and its 200-day simple moving average is $14.88. Unusual Machines, Inc. has a 1 year low of $7.24 and a 1 year high of $34.36.

Unusual Machines (NYSEAMERICAN:UMACGet Free Report) last released its earnings results on Thursday, May 14th. The company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.15). The firm had revenue of $8.10 million during the quarter, compared to analysts’ expectations of $5.54 million. Unusual Machines had a negative net margin of 32.71% and a negative return on equity of 11.83%. Equities research analysts predict that Unusual Machines, Inc. will post -0.38 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Unusual Machines

Institutional investors have recently bought and sold shares of the stock. NFSG Corp acquired a new position in Unusual Machines during the first quarter worth approximately $37,000. Ameritas Advisory Services LLC acquired a new position in shares of Unusual Machines in the 3rd quarter valued at $38,000. Wexford Capital LP acquired a new stake in shares of Unusual Machines during the 3rd quarter worth $40,000. Jones Financial Companies Lllp raised its position in shares of Unusual Machines by 67.7% in the 3rd quarter. Jones Financial Companies Lllp now owns 3,017 shares of the company’s stock worth $46,000 after buying an additional 1,218 shares during the period. Finally, Bank of America Corp DE raised its position in shares of Unusual Machines by 7,372.6% in the 2nd quarter. Bank of America Corp DE now owns 7,099 shares of the company’s stock worth $61,000 after buying an additional 7,004 shares during the period.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Roth Mkm boosted their price target on Unusual Machines to $40.00 and gave the company a “buy” rating in a report on Tuesday, June 2nd. Needham & Company LLC lifted their price objective on Unusual Machines from $20.00 to $22.00 and gave the company a “buy” rating in a research report on Friday, May 15th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $27.33.

View Our Latest Stock Analysis on UMAC

Unusual Machines Company Profile

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Unusual Machines (NYSEAMERICAN:UMAC)

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