Research Analysts Issue Forecasts for Unusual Machines FY2024 Earnings

Unusual Machines, Inc. (NYSEAMERICAN:UMAC) – Investment analysts at Litchfield Hills Research issued their FY2024 EPS estimates for shares of Unusual Machines in a note issued to investors on Wednesday, February 19th. Litchfield Hills Research analyst B. Sine anticipates that the company will earn ($0.58) per share for the year. Litchfield Hills Research has a “Buy” rating and a $20.00 price target on the stock. Litchfield Hills Research also issued estimates for Unusual Machines’ Q4 2024 earnings at ($0.12) EPS, Q1 2025 earnings at ($0.15) EPS, Q2 2025 earnings at ($0.12) EPS, Q3 2025 earnings at ($0.13) EPS, Q4 2025 earnings at ($0.07) EPS, FY2025 earnings at ($0.47) EPS, Q1 2026 earnings at ($0.19) EPS, Q2 2026 earnings at ($0.07) EPS, Q3 2026 earnings at $0.02 EPS, Q4 2026 earnings at $0.14 EPS and FY2026 earnings at ($0.10) EPS.

Separately, Maxim Group initiated coverage on shares of Unusual Machines in a research report on Wednesday, December 18th. They issued a “buy” rating and a $18.00 target price on the stock.

Unusual Machines Stock Down 7.8 %

Shares of UMAC opened at $10.22 on Monday. Unusual Machines has a 12 month low of $0.98 and a 12 month high of $23.62. The company has a current ratio of 2.24, a quick ratio of 0.95 and a debt-to-equity ratio of 0.16.

Insider Buying and Selling at Unusual Machines

In other news, Director Jeffrey M. Thompson sold 40,000 shares of Unusual Machines stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $12.65, for a total transaction of $506,000.00. Following the completion of the transaction, the director now directly owns 325,984 shares in the company, valued at $4,123,697.60. This trade represents a 10.93 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 22.20% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in UMAC. OMERS ADMINISTRATION Corp purchased a new position in Unusual Machines in the fourth quarter valued at about $209,000. Jane Street Group LLC bought a new stake in Unusual Machines during the 4th quarter worth approximately $298,000. NewEdge Advisors LLC bought a new stake in Unusual Machines during the 4th quarter worth approximately $84,000. Geode Capital Management LLC increased its holdings in shares of Unusual Machines by 329.3% in the 4th quarter. Geode Capital Management LLC now owns 43,214 shares of the company’s stock worth $727,000 after buying an additional 33,148 shares during the last quarter. Finally, Signaturefd LLC bought a new position in shares of Unusual Machines in the 4th quarter worth $25,000.

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.