Unusual Machines’ (NYSEAMERICAN:UMAC – Get Free Report) lock-up period is set to expire on Monday, August 12th. Unusual Machines had issued 1,250,000 shares in its initial 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 expiration of Unusual Machines’ lock-up period, major shareholders and company insiders will be able to sell their shares of the company.
Analysts Set New Price Targets
Separately, ThinkEquity initiated coverage on Unusual Machines in a report on Monday, June 17th. They issued a “buy” rating and a $4.00 target price on the stock.
View Our Latest Stock Report on UMAC
Unusual Machines Price Performance
Unusual Machines (NYSEAMERICAN:UMAC – Get Free Report) last issued its earnings results on Wednesday, May 15th. The company reported ($0.18) EPS for the quarter. The business had revenue of $0.62 million for the quarter.
Institutional Investors Weigh In On Unusual Machines
A hedge fund recently bought a new stake in Unusual Machines stock. Rathbones Group PLC bought a new stake in Unusual Machines, Inc. (NYSEAMERICAN:UMAC – Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 42,000 shares of the company’s stock, valued at approximately $55,000. Rathbones Group PLC owned about 0.45% of Unusual Machines as of its most recent filing with the SEC.
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.
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