Unusual Machines (NYSEAMERICAN:UMAC) Stock Jumps 13.4% – Time to Buy?

Shares of Unusual Machines, Inc. (NYSEAMERICAN:UMAC – Get Free Report) traded up 13.4% during mid-day trading on Monday. The company traded as high as $13.52 and last traded at $13.49. Approximately 1,171,415 shares changed hands during mid-day trading, a decline of 74% from the average session volume of 4,472,629 shares. The stock had previously closed at $11.90.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Needham & Company LLC lowered their price target on shares of Unusual Machines from $40.00 to $22.00 and set a “buy” rating for the company in a research report on Friday, November 6th. HC Wainwright assumed coverage on shares of Unusual Machines in a research report on Wednesday, July 15th. They issued a “buy” rating and a $42.00 price objective on the stock. Northland Securities began coverage on shares of Unusual Machines in a research report on Friday, October 23rd. They issued an “outperform” rating and a $30.00 price objective on the stock. ThinkEquity reissued a “buy” rating on shares of Unusual Machines in a research note on Monday, August 17th. Finally, Piper Sandler decreased their target price on shares of Unusual Machines from $29.00 to $27.00 and set an “overweight” rating for the company in a research report on Monday. Seven research analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $31.86.

Get Our Latest Report on UMAC

Unusual Machines Stock Down 6.6%

The company has a 50 day moving average price of $20.01 and a 200-day moving average price of $19.06.

Insider Activity at Unusual Machines

In related news, CFO Brian Joseph Hoff sold 11,413 shares of the stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $26.01, for a total value of $296,852.13. Following the completion of the transaction, the chief financial officer owned 341,237 shares in the company, valued at $8,875,574.37. This represents a 3.24% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CRO Stacy Rochelle Wright sold 27,500 shares of the stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $26.00, for a total transaction of $715,000.00. Following the completion of the transaction, the executive owned 68,750 shares of the company’s stock, valued at $1,787,500. This represents a 28.57% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 48,538 shares of company stock worth $1,262,198 over the last ninety days. 4.87% of the stock is currently owned by corporate insiders.

Institutional Trading of Unusual Machines

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Sterling Capital Management LLC boosted its holdings in shares of Unusual Machines by 845.0% in the third quarter. Sterling Capital Management LLC now owns 1,512 shares of the company’s stock valued at $37,000 after acquiring an additional 1,352 shares in the last quarter. IFP Advisors Inc increased its stake in shares of Unusual Machines by 281.4% during the second quarter. IFP Advisors Inc now owns 2,033 shares of the company’s stock valued at $45,000 after acquiring an additional 1,500 shares during the period. Integrated Wealth Concepts LLC bought a new stake in Unusual Machines during the second quarter worth approximately $52,000. NFSG Corp bought a new stake in Unusual Machines during the first quarter worth approximately $37,000. Finally, Canton Hathaway LLC bought a new stake in Unusual Machines during the third quarter worth approximately $73,000.

Unusual Machines Company Profile

(Get Free Report)

Unusual Machines is a drone technology company based in Orlando, Florida, focused on products for the first-person-view (FPV) drone market. Its offerings include FPV goggles, drones, motors, batteries, flight electronics and related components and accessories. The company’s portfolio includes Fat Shark, known for FPV video goggles, and Rotor Riot, which sells FPV drones and equipment. Unusual Machines acquired the brands from Red Cat Holdings in 2024. Unusual Machines serves drone enthusiasts and other customers seeking FPV equipment and components, with products available through its brands’ online retail channels.

Further Reading

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