Unusual Machines Inc (AMEX: UMAC) : Investors Should Not Dump UMAC Stock In 2024

In the last trading session, 8.1 million Unusual Machines Inc (AMEX:UMAC) shares changed hands as the company’s beta touched 0. With the company’s per share price at $15.58 changed hands at $2.97 or 23.55% during last session, the market valuation stood at $259.12M. UMAC’s last price was a discount, traded about -51.6% off its 52-week high of $23.62. The share price had its 52-week low at $0.98, which suggests the last value was 93.71% up since then. When we look at Unusual Machines Inc’s average trading volume, we note the 10-day average is 4.46 million shares, with the 3-month average coming to 3.68 million.

Analysts gave the Unusual Machines Inc (UMAC) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.00. If we narrow down to specifics, the data shows that 0 out of 1 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended UMAC as a Hold, 1 felt it is a Buy and 0 rated the stock as Underweight. Unusual Machines Inc’s EPS for the current quarter is expected to be -0.13.

Unusual Machines Inc (AMEX:UMAC) trade information

Instantly UMAC was in green as seen at the end of in last trading. With action 19.02%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 414.19%, with the 5-day performance at 19.02% in the green. However, in the 30-day time frame, Unusual Machines Inc (AMEX:UMAC) is 308.92% up. Looking at the short shares, we see there were 5466.0 shares sold at short interest cover period of 0.1 days.

Consensus estimates given by 1 financial analysts project the company’s revenue in the current quarter to hit an average of 2.5M. 1 analysts are of the opinion that Unusual Machines Inc’s revenue for the current quarter will be 2M.