Unusual Machines Inc (AMEX:UMAC) price closed higher on Friday, November 29, and jumping 89.38% above its previous close.
A look at the daily price movement shows that the last close reads $9.89, with intraday deals fluctuated between $12.8 and $19.4899. Taking into account the 52-week price action we note that the stock hit a 52-week high of $11.67 and 52-week low of $0.98. The stock added 1028.31% on its value in the past month.
Unusual Machines Inc, which has a market valuation of $294.43 million, is expected to release its quarterly earnings report in January.
Staying with the analyst view, there is a consensus estimate of 6.8M for the company’s annual revenue in current year.
Technical indicators in stocks provide crucial insights into market trends, guiding investors with precise entry and exit points based on price movements for informed decision-making.
Here is a look at the average analyst rating for the stock as represented on a scale of 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock is strong buy or strong sell respectively. Specifically, 1 analysts have assigned UMAC a recommendation rating as follows: 0 rate it as a Hold; 1 advise Buy while 0 analyst(s) assign an Overweight rating. 0 analyst(s) have tagged the Unusual Machines Inc (UMAC) stock as Underweight, with 0 recommending Sell. In general, analysts have rated the stock Buy, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.
The overview shows that UMAC’s price is at present 339.77% off the SMA20 and 615.19% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 94.11, with weekly volatility standing at 47.41%. The indicator jumps to 29.92% when calculated based on the past 30 days. Unusual Machines Inc (AMEX:UMAC)’s beta value is holding at 0, while the average true range (ATR) indicator is currently reading 1.77.
An analysis of the Unusual Machines Inc (AMEX:UMAC) stock in terms of its daily trading volume indicates that the 3-month average is 1.99 million. However, this figure increases on the past 10-day timeline to an average of 12.3 million.
Current records show that the company has 8.30M in outstanding shares. The insiders’ percentage holdings are 42.88% of outstanding shares while the percentage share held by institutions stands at 1.51%. The stats also highlight that short interest as of 2024-10-31, stood at 5466.0 shares, which puts the short ratio at the time at 0.1. From this we can glean that short interest is 9.00 of company’s current outstanding shares. Notably, we see that shares short in October rose slightly given the previous month’s figure stood at 3173.0. But the 518.15% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
