Unusual Machines, Inc.’s (NYSEAMERICAN:UMAC) Lock-Up Period To Expire on August 12th

Unusual Machines’ (NYSEAMERICAN:UMAC) lock-up period will end on Monday, August 12th. Unusual Machines had issued 1,250,000 shares in its public offering on February 14th. The total size of the offering was $5,000,000 based on an initial share price of $4.00. After the end of Unusual Machines’ lock-up period, major shareholders and company insiders will be able to sell their shares of the company.

Analyst Upgrades and Downgrades

Separately, ThinkEquity began coverage on Unusual Machines in a report on Monday, June 17th. They set a “buy” rating and a $4.00 price target for the company.

Unusual Machines Stock Up 5.3 %

Shares of UMAC stock opened at $2.00 on Friday. Unusual Machines has a 12 month low of $0.98 and a 12 month high of $5.54. The company has a debt-to-equity ratio of 0.09, a current ratio of 8.86 and a quick ratio of 5.04.

Unusual Machines (NYSEAMERICAN:UMAC) last issued its quarterly earnings results on Wednesday, May 15th. The company reported ($0.18) EPS for the quarter. The firm had revenue of $0.62 million during the quarter.

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.