Litchfield Hills Research Comments on Unusual Machines FY2024 Earnings

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

Unusual Machines Price Performance

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

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Kieckhefer Group LLC bought a new position in Unusual Machines during the fourth quarter valued at approximately $242,000. Jane Street Group LLC purchased a new stake in Unusual Machines in the fourth quarter worth $298,000. OMERS ADMINISTRATION Corp purchased a new stake in Unusual Machines in the fourth quarter worth $209,000. NewEdge Advisors LLC purchased a new stake in Unusual Machines in the fourth quarter worth $84,000. Finally, Geode Capital Management LLC lifted its position in Unusual Machines by 329.3% during the fourth quarter. Geode Capital Management LLC now owns 43,214 shares of the company’s stock valued at $727,000 after buying an additional 33,148 shares during the period.

Insider Activity

In other Unusual Machines news, Director Jeffrey M. Thompson sold 40,000 shares of the company’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $12.65, for a total transaction of $506,000.00. Following the sale, the director now directly owns 325,984 shares of the company’s stock, valued at $4,123,697.60. This represents a 10.93 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 22.20% of the stock is currently owned by company insiders.

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.