Key Points
- CEO Allan Thomas Evans sold 11,087 shares on Dec. 29 at an average price of $1.99 (≈$22,063), cutting his stake by 6.28% to 165,491 shares valued at about $329,327.
- Analysts maintain an average Buy rating on UMAC with an average target price of $20, including coverage from Jones Trading and Needham and a ThinkEquity "strong-buy".
- UMAC is highly volatile—one-year range $4.45–$19.23, market cap ≈$470M, negative P/E (-3.45), and an unusually high beta (22.59), with 50- and 200-day moving averages near $10.9.
Unusual Machines, Inc. (NYSEAMERICAN:UMAC - Get Free Report) CEO Allan Thomas Evans sold 11,087 shares of Unusual Machines stock in a transaction on Monday, December 29th. The stock was sold at an average price of $1.99, for a total value of $22,063.13. Following the completion of the sale, the chief executive officer directly owned 165,491 shares of the company's stock, valued at $329,327.09. The trade was a 6.28% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Unusual Machines Stock Performance
Shares of Unusual Machines stock opened at $12.74 on Thursday. The stock's fifty day moving average is $10.88 and its 200 day moving average is $10.90. Unusual Machines, Inc. has a one year low of $4.45 and a one year high of $19.23. The stock has a market cap of $469.85 million, a P/E ratio of -3.45 and a beta of 22.59.
Institutional Investors Weigh In On Unusual Machines
A number of institutional investors have recently added to or reduced their stakes in the stock. Connective Capital Management LLC purchased a new stake in shares of Unusual Machines during the second quarter worth approximately $636,000. GWN Securities Inc. acquired a new position in shares of Unusual Machines during the 2nd quarter valued at about $246,000. Allworth Financial LP purchased a new stake in shares of Unusual Machines in the 2nd quarter valued at approximately $125,000. Kieckhefer Group LLC grew its position in Unusual Machines by 330.6% in the third quarter. Kieckhefer Group LLC now owns 62,000 shares of the company's stock worth $936,000 after acquiring an additional 47,600 shares during the period. Finally, NTV Asset Management LLC purchased a new position in shares of Unusual Machines during the 2nd quarter worth $86,000.
Analysts Set New Price Targets
UMAC has been the topic of a number of recent research reports. ThinkEquity raised shares of Unusual Machines to a "strong-buy" rating in a research note on Monday, November 17th. Jones Trading assumed coverage on Unusual Machines in a report on Monday, December 1st. They set a "buy" rating and a $20.00 price objective for the company. Needham & Company LLC reaffirmed a "buy" rating and set a $20.00 target price on shares of Unusual Machines in a research report on Friday, October 17th. Finally, Zacks Research upgraded Unusual Machines from a "strong sell" rating to a "hold" rating in a report on Monday, October 6th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Buy" and an average target price of $20.00.
Check Out Our Latest Analysis on Unusual Machines
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.
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