Unusual Machines, Inc. (NYSEAMERICAN:UMAC) CEO Acquires $99,999.28 in Stock

Unusual Machines, Inc. (NYSEAMERICAN:UMAC) CEO Allan Thomas Evans bought 65,789 shares of the firm’s stock in a transaction that occurred on Wednesday, October 30th. The shares were acquired at an average price of $1.52 per share, with a total value of $99,999.28. Following the purchase, the chief executive officer now owns 90,789 shares in the company, valued at $137,999.28. This trade represents a 200.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Unusual Machines Trading Up 12.0 %

Shares of UMAC stock traded up $0.20 during mid-day trading on Thursday, reaching $1.86. The stock had a trading volume of 218,093 shares, compared to its average volume of 120,162. The company has a current ratio of 5.50, a quick ratio of 2.58 and a debt-to-equity ratio of 0.20. Unusual Machines, Inc. has a one year low of $0.98 and a one year high of $5.54.

Unusual Machines (NYSEAMERICAN:UMAC) last announced its quarterly earnings data on Wednesday, August 14th. The company reported ($0.16) EPS for the quarter. The business had revenue of $1.41 million during the quarter.

Institutional Trading of Unusual Machines

An institutional investor recently bought a new position in Unusual Machines stock. Rathbones Group PLC purchased a new stake in shares of Unusual Machines, Inc. (NYSEAMERICAN:UMAC) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 42,000 shares of the company’s stock, valued at approximately $55,000. Rathbones Group PLC owned approximately 0.45% of Unusual Machines at the end of the most recent reporting period.

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.