Unusual Machines Inc (AMEX:UMAC) does about 110.97K shares in volume on a normal day but saw 682877 shares change hands in the recent trading day. The company now has a market cap of 33.12M USD. Its current market price is $5.36, marking a decrease of -9.31% compared to the previous close of $5.91. The 52 week high reached by this stock is $6.50 whilst the lowest price level in 52 weeks is $0.98.
Unusual Machines Inc (UMAC) has a 20-day trading average at $3.04 and the current price is -17.54% off the 52-week high compared with 446.94% distance from its 52-week low. The 50-day simple moving average of the closing price is $2.13. If we look at the stock’s price movements over the week, volatility stands at 39.25%, which decreases to 25.87% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 75.78 to suggest the stock is overbought.
The consensus objective for the share price is $4.00, suggesting that the stock has a potential downside of -34.0% over the period.
FactSet Research has provided data showing that 1 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 0 advise that it is a overweight. 1 analysts have rated it as a buy and 0 have advised that investors hold their positions. The consensus recommendation rating is Buy and Wall Street’s advice is for investors to Strong Buy the stock.
The current price level is 76.26%, 152.21%, and 191.03% away from its SMA20, SMA50, and SMA200 respectively, with the UMAC price moving below the 50-day SMA on current market day. Unusual Machines Inc (UMAC) stock is up 86.11% over the week and 254.97% over the past month. Its price is 76.90% year-to-date.
The company’s next earnings report forecasts estimating quarterly EPS at 0 and -0.24 for whole year.
To reach the target analysts have set, the stock logically needs to shrink -34.0 percent from here.
Outstanding shares total 6.18M with insiders holding 27.17% of the shares and institutional holders owning 7.70% of the company’s common stock. The company has a return on investment of -26.07% and return on equity of -55.73%. Price to book ratio is 1.72 and price to sales ratio is 9.30.
