Unusual Machines Inc (AMEX:UMAC) price on Thursday, June 12, rose 3.26% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $8.24.
A look at the stock’s price movement, the close in the last trading session was $7.98. Turning to its 52-week performance, $23.62 and $1.13 were the 52-week high and 52-week low respectively. Overall, UMAC moved 53.16% over the past month.
Unusual Machines Inc’s market cap currently stands at around $204.60 million, with investors looking forward to this quarter’s earnings report slated for in July.
Analysts have a consensus estimate of 1.81M for the company’s revenue for the quarter, with a low and high estimate of 1.5M and 2.12M respectively. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 10.94M, representing a 96.62% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that UMAC is a Hold. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 50% 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 32.83% and 41.78% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 63.52, while 7-day volatility ratio is 13.83% and 8.80% in the 30-day chart. Further, Unusual Machines Inc (UMAC) has a beta value of 24.73, and an average true range (ATR) of 0.95.
If we refocus on Unusual Machines Inc (AMEX:UMAC), historical trading data shows that trading volumes averaged 1.87 million over the past 3 months. The company’s latest data on shares outstanding shows there are 24.83 million shares.
The 19.93% of Unusual Machines Inc’s shares are in the hands of company insiders while institutional holders own 4.65% of the company’s shares. Current price change has pushed the stock -51.01% 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.
