Unusual Machines (NYSEAMERICAN:UMAC - Get Free Report) is expected to be issuing its quarterly earnings data before the market opens on Thursday, March 13th. Analysts expect the company to announce earnings of ($0.12) per share and revenue of $2.30 million for the quarter.
Unusual Machines Price Performance
Unusual Machines stock traded down $0.40 during trading on Thursday, reaching $5.70. The company had a trading volume of 937,958 shares, compared to its average volume of 1,400,721. The company has a 50-day moving average of $12.14. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.95 and a current ratio of 2.24. Unusual Machines has a 1-year low of $0.98 and a 1-year high of $23.62.
Analysts Set New Price Targets
Several equities analysts have recently weighed in on the stock. Maxim Group assumed coverage on shares of Unusual Machines in a research note on Wednesday, December 18th. They issued a "buy" rating and a $18.00 price target on the stock. Litchfield Hills Research initiated coverage on shares of Unusual Machines in a research note on Wednesday, February 19th. They issued a "buy" rating and a $20.00 target price on the stock.
View Our Latest Stock Analysis on UMAC
About Unusual Machines
(
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Unusual Machines, Inc designs, manufactures, and sells ultra-low latency video goggles for drone pilots. It operates a drone-focused e-commerce marketplace. The company serves drone pilots, hobbyists, and recreational services. The company was formerly known as AerocarveUS Corporation and changed its name to Unusual Machines, Inc in July 2022.
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