Unusual Machines Inc (AMEX:UMAC) traded at $11.23 at close of the session on Tuesday, December 17 and made a downward move of -14.21% on its previous day’s price.
Looking at the stock we see that its previous close was $13.09 with the day’s price range being $10.6 – $12.38. In terms of its 52-week price range, UMAC has a high of $23.62 and a low of $0.98. The company’s stock has gained about 296.82% over that past 30 days.
Unusual Machines Inc has a market cap of $156.25 million and is expected to release its quarterly earnings report in January.
On the other hand, looking at the outlook for the UMAC stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of 100% Buy.
Based on estimates by 1 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 0 have rated the Unusual Machines Inc (UMAC) stock as a Hold, while 1 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.
Looking further, we note the current price level is 24.27% off its SMA20 and 134.54% from its 50-day simple moving average. The RSI (14) is pointing at 58.63 while the volatility over the past week is 17.59% and jumps to 29.77% over the past one month.
Coming back to Unusual Machines Inc (AMEX:UMAC), we note that the average 3-month trading volume was 3.45 million, while that of the preceding 10-day period stands at 6.24 million. Current shares outstanding are 8.30 million.
The insiders hold 22.93% of the company’s shares while institutions hold 1.51%. The data shows that short shares as of 2024-10-31, stood at 5466.0 at a short ratio of 0.1. This represents a 9.00 short interest in shares outstanding on 2024-10-31. Shares short rose in October from the previous month at 3173.0. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 270.63% up in year-to-date price movement.
