FY2027 EPS Estimates for Unusual Machines Lifted by Analyst

Unusual Machines, Inc. (NYSEAMERICAN:UMAC) – Equities researchers at Litchfield Hills Research lifted their FY2027 earnings estimates for Unusual Machines in a report released on Monday, March 9th. Litchfield Hills Research analyst B. Sine now expects that the company will post earnings per share of $0.19 for the year, up from their previous forecast of $0.18. Litchfield Hills Research also issued estimates for Unusual Machines’ Q4 2027 earnings at $0.06 EPS.

Several other research analysts also recently weighed in on UMAC. JonesTrading started coverage on Unusual Machines in a research note on Monday, December 1st. They set a “buy” rating and a $20.00 target price on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $20.00 price target on shares of Unusual Machines in a research note on Monday. Finally, ThinkEquity raised Unusual Machines to a “strong-buy” rating in a report on Monday, November 17th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $20.00.

Unusual Machines Trading Up 7.1%

Shares of UMAC stock opened at $18.50 on Wednesday. Unusual Machines has a 12-month low of $4.45 and a 12-month high of $20.15. The business’s fifty day simple moving average is $14.69 and its 200-day simple moving average is $12.66. The company has a market cap of $682.28 million, a PE ratio of -22.02 and a beta of 22.23.

Hedge Funds Weigh In On Unusual Machines

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Ameritas Advisory Services LLC purchased a new stake in Unusual Machines during the 3rd quarter valued at about $38,000. Wexford Capital LP acquired a new position in shares of Unusual Machines in the third quarter valued at about $40,000. Jones Financial Companies Lllp raised its stake in shares of Unusual Machines by 67.7% in the third quarter. Jones Financial Companies Lllp now owns 3,017 shares of the company’s stock worth $46,000 after purchasing an additional 1,218 shares during the last quarter. Global Retirement Partners LLC purchased a new position in shares of Unusual Machines in the third quarter worth about $76,000. Finally, Ankerstar Wealth LLC acquired a new stake in shares of Unusual Machines during the fourth quarter worth about $64,000.

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. Unusual Machines, Inc was incorporated in 2019 and is based in Orlando, Florida.