Allan Thomas Evans Acquires 65,789 Shares of Unusual Machines, Inc. (NYSEAMERICAN:UMAC) Stock

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

Unusual Machines Trading Down 2.1 %

UMAC stock opened at $1.83 on Friday. Unusual Machines, Inc. has a 1 year low of $0.98 and a 1 year high of $5.54. The company has a debt-to-equity ratio of 0.20, a current ratio of 5.50 and a quick ratio of 2.58.

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

Hedge Funds Weigh In On Unusual Machines

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

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.