Litchfield Hills Research Comments on Unusual Machines FY2024 Earnings

Unusual Machines, Inc. (NYSEAMERICAN:UMAC) – Analysts at Litchfield Hills Research issued their FY2024 earnings per share (EPS) estimates for shares of Unusual Machines in a research report issued on Wednesday, February 19th. Litchfield Hills Research analyst B. Sine forecasts that the company will post earnings of ($0.58) per share for the year. Litchfield Hills Research has a “Buy” rating and a $20.00 price objective 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 started coverage on Unusual Machines in a report on Wednesday, December 18th. They set a “buy” rating and a $18.00 target price for the company.

Unusual Machines Price Performance

NYSEAMERICAN UMAC opened at $9.00 on Monday. Unusual Machines has a twelve month low of $0.98 and a twelve month high of $23.62. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.24 and a quick ratio of 0.95.

Insider Buying and Selling at Unusual Machines

In related news, Director Jeffrey M. Thompson sold 40,000 shares of the firm’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $12.65, for a total transaction of $506,000.00. Following the transaction, the director now owns 325,984 shares of the company’s stock, valued at $4,123,697.60. This trade represents a 10.93 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 22.20% of the stock is owned by insiders.

Institutional Investors Weigh In On Unusual Machines

A number of institutional investors have recently added to or reduced their stakes in UMAC. Kieckhefer Group LLC acquired a new position in Unusual Machines in the 4th quarter valued at $242,000. Jane Street Group LLC acquired a new position in Unusual Machines in the 4th quarter worth $298,000. OMERS ADMINISTRATION Corp acquired a new stake in shares of Unusual Machines in the 4th quarter valued at about $209,000. NewEdge Advisors LLC acquired a new stake in Unusual Machines during the fourth quarter worth about $84,000. Finally, Geode Capital Management LLC raised its stake in Unusual Machines by 329.3% during the fourth quarter. Geode Capital Management LLC now owns 43,214 shares of the company’s stock worth $727,000 after acquiring an additional 33,148 shares during the period.

About Unusual Machines

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.