Unusual Machines (NYSEAMERICAN:UMAC) Stock Price Down 0.8% – Should You Sell?

Unusual Machines, Inc. (NYSEAMERICAN:UMAC)’s share price was down 0.8% on Thursday . The company traded as low as $3.22 and last traded at $3.76. Approximately 394,205 shares changed hands during trading, an increase of 209% from the average daily volume of 127,772 shares. The stock had previously closed at $3.79.

Unusual Machines Stock Performance

The company has a quick ratio of 0.95, a current ratio of 2.24 and a debt-to-equity ratio of 0.16.

Insider Transactions at Unusual Machines

In related news, CEO Allan Thomas Evans purchased 65,789 shares of the firm’s stock in a transaction dated Wednesday, October 30th. The stock was purchased at an average price of $1.52 per share, with a total value of $99,999.28. Following the completion of the purchase, the chief executive officer now owns 90,789 shares of the company’s stock, valued at approximately $137,999.28. The trade was a 263.16 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Robert Paul Lowry purchased 32,895 shares of the company’s stock in a transaction dated Wednesday, October 30th. The shares were purchased at an average cost of $1.52 per share, for a total transaction of $50,000.40. Following the transaction, the director now directly owns 73,502 shares in the company, valued at approximately $111,723.04. This represents a 81.01 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 22.20% of the company’s stock.

Institutional Investors Weigh In On Unusual Machines

A hedge fund recently bought a new stake in Unusual Machines stock. Rathbones Group PLC purchased a new stake in Unusual Machines, Inc. (NYSEAMERICAN:UMAC) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 42,000 shares of the company’s stock, valued at approximately $55,000. Rathbones Group PLC owned about 0.45% of Unusual Machines as of its most recent filing with the Securities and Exchange Commission (SEC).

Unusual Machines Company Profile

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.