Unusual Machines Inc (AMEX:UMAC) shares traded -6.35% lower at $14.59 on Wall Street last session.
UMAC stock price is now 145.49% away from the 50-day moving average and 444.61% away from the 200-day moving average. The market capitalization of the company currently stands at $190.11M.
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With the price target of $18, Maxim Group recently initiated with Buy rating for Unusual Machines Inc (AMEX: UMAC).
In other news, Thompson Jeffrey M, Director sold 40,000 shares of the company’s stock on Dec 03 ’24. The stock was sold for $506,116 at an average price of $12.65. Upon completion of the transaction, the Director now directly owns 325,984 shares in the company, valued at $4.76 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 03 ’24, Director Jeffrey Murray Thompson bought 40,000 shares of the business’s stock. A total of $602,800 was incurred on buying the stock at an average price of $15.07. A total of 22.93% of the company’s stock is owned by insiders.
During the past 12 months, Unusual Machines Inc has had a low of $0.98 and a high of $23.62. As of last week, the company has a debt-to-equity ratio of 0.17, a current ratio of 2.24, and a quick ratio of 0.95. The fifty day moving average price for UMAC is $5.679 and a two-hundred day moving average price translates $2.617575 for the stock.
The latest earnings results from Unusual Machines Inc (AMEX: UMAC) was released for 2024-06-30. The net profit margin was -164.77% and return on equity was -55.73% for UMAC.
