The public float for UMAC is 1.70M, and currently, shorts hold a 0.53% of that float. The average trading volume for UMAC on May 07, 2024 was 169.75K shares.
UMAC) stock’s latest price update
The stock of Unusual Machines Inc (AMEX: UMAC) has decreased by -10.08 when compared to last closing price of 1.29.Despite this, the company has seen a loss of -10.78% in its stock price over the last five trading days. Seeking Alpha reported 2024-02-17 that U.S. IPO Weekly Recap: Nano-Caps Debut In Quiet Week
UMAC’s Market Performance
The volatility ratio for the week is 12.37%, and the volatility levels for the past 30 days are at 13.44% for UMAC. The simple moving average for the past 20 days is -24.31% for UMAC’s stock, with a -44.12% simple moving average for the past 200 days.
UMAC Trading at -41.59% from the 50-Day Moving Average
After a stumble in the market that brought UMAC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -79.06% of loss for the given period.
Volatility was left at 13.44%, however, over the last 30 days, the volatility rate increased by 12.37%, as shares sank -36.61% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -65.06% lower at present.
During the last 5 trading sessions, UMAC fell by -10.78%, in comparison to the 20-day moving average, which settled at $1.4990. In addition, Unusual Machines Inc saw -61.72% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for UMAC
Equity return is now at value -77.61, with -73.85 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 8.87.
Conclusion
In conclusion, Unusual Machines Inc (UMAC) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
