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

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

Unusual Machines Stock Down 2.1 %

Shares of UMAC stock opened at $1.83 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.58 and a current ratio of 5.50. Unusual Machines, Inc. has a one year low of $0.98 and a one year high of $5.54.

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

Hedge Funds Weigh In On Unusual Machines

A hedge fund recently bought a new stake in Unusual Machines stock. Rathbones Group PLC purchased a new position in Unusual Machines, Inc. (NYSEAMERICAN:UMAC) during the second quarter, according to its most recent 13F filing 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 about 0.45% of Unusual Machines as of its most recent filing with the Securities and Exchange Commission.

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.