Unusual Machines Inc (AMEX:UMAC) traded at $6.58 at close of the session on Tuesday, June 03 and made an upward move of 19.20% on its previous day’s price.
Unusual Machines Inc has a market cap of $163.38 million and is expected to release its quarterly earnings report in July.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at 1.81M, with a low of 1.5M and a high of 2.12M. According to analyst consensus estimates figures, the company’s yearly revenue forecast for current year is expected to hit 10.94M, or 96.62% up from figures reported last year.
On the other hand, looking at the outlook for the UMAC stock, short term indicators assign the stock an average of 50% Sell, while medium term indicators assign it an average of 50% Sell.
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 24.55% off its SMA20 and 16.15% from its 50-day simple moving average. The RSI (14) is pointing at 64.55 while the volatility over the past week is 9.32% and jumps to 5.31% over the past one month. The beta value is 24.78, while the average true range (ATR) is currently pointing at 0.52.
