Unusual Machines Inc (AMEX:UMAC) price on Thursday, December 26, rose 20.22% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $17.54.
A look at the stock’s price movement, the close in the last trading session was $14.59, moving within a range at $15.3372 and $17.955. Turning to its 52-week performance, $23.62 and $0.98 were the 52-week high and 52-week low respectively. Overall, UMAC moved 196.79% over the past month.
Unusual Machines Inc’s market cap currently stands at around $244.06 million, with investors looking forward to this quarter’s earnings report slated for in January.
Analysts have a consensus estimate of 2.5M for the company’s revenue for the quarter, with a low and high estimate of 2.5M and 2.5M respectively.
Turning to the stock’s technical picture we see that short term indicators suggest on average that UMAC is a 100% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
1 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 1 recommend UMAC as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
UMAC’s current price about 47.98% and 180.10% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 68.14, while 7-day volatility ratio is 23.21% and 27.46% in the 30-day chart. Further, Unusual Machines Inc (UMAC) has a beta value of 0, and an average true range (ATR) of 2.43.
If we refocus on Unusual Machines Inc (AMEX:UMAC), historical trading data shows that trading volumes averaged 4.82 over the past 10 days and 3.87 million over the past 3 months. The company’s latest data on shares outstanding shows there are 13.91 million shares.
The 22.93% of Unusual Machines Inc’s shares are in the hands of company insiders while institutional holders own 0.90% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 5466.0 on 2024-10-31, giving us a short ratio of 0.1. The data shows that as of 2024-10-31 short interest in Unusual Machines Inc (UMAC) stood at 9.000000400000001 of shares outstanding, with shares short rising to 3173.0 registered in 2024-09-30. Current price change has pushed the stock 478.88% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the UMAC stock continues to rise going into the next quarter.
