Key Points
- Unusual Machines CRO Stacy Rochelle Wright sold 27,500 shares at an average price of $26, generating $715,000. The Rule 10b5-1 transaction reduced her holdings by 28.57% to 68,750 shares.
- UMAC reported quarterly revenue of $16.72 million, exceeding analyst expectations of $9.20 million, while its adjusted loss of $0.16 per share matched estimates. Analysts project a full-year loss of $0.67 per share.
- Analysts remain broadly optimistic, with six Buy ratings and one Hold rating, producing a consensus “Moderate Buy” rating and an average price target of $37, compared with a recent share price of $27.43.
Unusual Machines, Inc. (NYSEAMERICAN:UMAC - Get Free Report) President Andrew Ross Camden sold 9,625 shares of the business's stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $26.01, for a total value of $250,346.25. Following the transaction, the president directly owned 237,125 shares in the company, valued at $6,167,621.25. This trade represents a 3.90% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Andrew Ross Camden also recently made the following trade(s):
- On Thursday, June 4th, Andrew Ross Camden sold 100,000 shares of Unusual Machines stock. The stock was sold at an average price of $30.05, for a total value of $3,005,000.00.
Unusual Machines Trading Up 5.6%
Shares of UMAC stock opened at $27.43 on Friday. Unusual Machines, Inc. has a twelve month low of $7.24 and a twelve month high of $34.93. The company's 50-day moving average price is $22.62 and its 200-day moving average price is $18.61. The stock has a market cap of $1.37 billion, a price-to-earnings ratio of -105.50 and a beta of 14.92.
Unusual Machines (NYSEAMERICAN:UMAC - Get Free Report) last issued its earnings results on Thursday, August 6th. The company reported ($0.16) EPS for the quarter, hitting analysts' consensus estimates of ($0.16). The company had revenue of $16.72 million for the quarter, compared to the consensus estimate of $9.20 million. Unusual Machines had a negative net margin of 20.29% and a negative return on equity of 7.62%. As a group, equities research analysts predict that Unusual Machines, Inc. will post -0.67 EPS for the current year.
Wall Street Analyst Weigh In
UMAC has been the topic of a number of recent analyst reports. HC Wainwright initiated coverage on Unusual Machines in a report on Wednesday, July 15th. They issued a "buy" rating and a $42.00 price objective on the stock. Needham & Company LLC lifted their target price on Unusual Machines from $30.00 to $40.00 and gave the company a "buy" rating in a research report on Thursday, August 6th. ThinkEquity reaffirmed a "buy" rating on shares of Unusual Machines in a research note on Monday. Roth Capital increased their price target on Unusual Machines to $40.00 and gave the stock a "buy" rating in a report on Tuesday, June 2nd. Finally, Piper Sandler initiated coverage on Unusual Machines in a research report on Wednesday, August 12th. They set an "overweight" rating and a $38.00 price objective for the company. Six equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $37.00.
Check Out Our Latest Research Report on Unusual Machines
Hedge Funds Weigh In On Unusual Machines
Several institutional investors have recently modified their holdings of UMAC. Wasatch Advisors LP acquired a new stake in shares of Unusual Machines in the second quarter valued at $8,087,000. Yorkville Advisors Global LP purchased a new stake in Unusual Machines during the 1st quarter worth about $1,692,000. Empyrean Capital Partners LP purchased a new stake in Unusual Machines during the 1st quarter worth about $620,000. Counterpoint Mutual Funds LLC acquired a new stake in Unusual Machines in the 1st quarter valued at about $817,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of Unusual Machines in the 4th quarter valued at about $1,776,000.
About Unusual Machines
(
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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