The trading price of Unusual Machines Inc (AMEX:UMAC) closed lower on Tuesday, March 04, and closing at $5.84, -3.47% lower than its previous close.
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 lost -51.50% in value.
Unusual Machines Inc, whose market valuation is $88.31 million at the time of this writing, is expected to release its quarterly earnings report in April. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by -0.12 per share this quarter, however they have predicted annual earnings per share of -0.55 for current year and -0.4 for next year.
Analysts have forecast the company to bring in revenue of 2.3M for the current quarter, with the likely lows of 2.1M and highs of 2.5M. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 5.62M.
On the technical side, indicators suggest UMAC has a Hold on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Buy, while an average of long term indicators suggests that the stock is currently Hold.
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 -42.31% off the SMA20 and -52.71% off the SMA50. The RSI metric on the 14-day chart is currently showing 27.58, and weekly volatility stands at 21.21%. When measured over the past 30 days, the indicator reaches 13.83%. Unusual Machines Inc (AMEX:UMAC)’s beta value is currently sitting at 40.10, while the Average True Range indicator is currently displaying 1.41.
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 -3.47% in the latest trading, and 105.63% in the past year.
An evaluation of the daily trading volume of Unusual Machines Inc (AMEX:UMAC) indicates that the 3-month average is 2.74 million.
Currently, records show that 15.12 million of the company’s shares remain outstanding. The insiders hold 19.94% of outstanding shares, whereas institutions hold 3.91%. However, since the stock’s price has seen -65.28% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
