The trading price of Unusual Machines Inc (AMEX:UMAC) closed lower on Friday, December 06, and closing at $8.71, -15.02% lower than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $8.58 and $10.03. In examining the 52-week price action we see that the stock hit a 52-week high of $23.62 and a 52-week low of $0.98. Over the past month, the stock has gained 358.42% in value.
Unusual Machines Inc, whose market valuation is $61.44 million at the time of this writing, is expected to release its quarterly earnings report in January. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by 0 per share this quarter, however they have predicted annual earnings per share of -0.24 for current year and -0.05 for next year.
From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 6.8M.
On the technical side, indicators suggest UMAC has a 100% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned UMAC a recommendation rating is 1. Out of them, 0 rate it a Hold, while 1 recommend Buy, whereas 0 assign an Overweight rating. 0 analyst(s) have tagged Unusual Machines Inc (UMAC) as Underweight, while 0 advise Sell. Analysts have rated the stock Buy, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
A quick review shows that UMAC’s price is currently 33.29% off the SMA20 and 143.52% off the SMA50. The RSI metric on the 14-day chart is currently showing 55.28, and weekly volatility stands at 31.36%. When measured over the past 30 days, the indicator reaches 33.57%. Unusual Machines Inc (AMEX:UMAC)’s beta value is currently sitting at 0, while the Average True Range indicator is currently displaying 2.40.
To see how Unusual Machines Inc stock has been performing in comparison to its peers in the industry, here are the numbers: UMAC stock’s performance was -15.02% in the latest trading.
An evaluation of the daily trading volume of Unusual Machines Inc (AMEX:UMAC) indicates that the 3-month average is 2.93 million. However, this figure has increased over the past 10 days to an average of 18.63.
Currently, records show that 6.18 million of the company’s shares remain outstanding. The insiders hold 42.88% of outstanding shares, whereas institutions hold 1.51%. The stats also highlight that short interest as of 2024-10-31, stood at 5466.0 shares, resulting in a short ratio of 0.1 at that time. From this, we can conclude that short interest is 9.00 of the company’s total outstanding shares. It is noteworthy that short shares in October were up slightly from the previous month’s figure, which was 3173.0. However, since the stock’s price has seen 187.46% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
