How to Buy Unusual Machines Stock
Unusual Machines Inc
Unusual Machines is a communication equipment company located in Puerto Rico, which is part of the Technology sector, and is traded under the ticker UMAC on the NYSEMKT exchange.
Unusual Machines stock last closed at $1.05, down 9.48% from the previous day, and has decreased N/A in one year. It has underperformed other stocks in the Communication Equipment industry by N/A percentage points. Unusual Machines stock is currently +7.14% from its 52-week low of $0.98, and -81.05% from its 52-week high of $5.54.
At the moment, there are 9.08M UMAC shares outstanding. The market cap of UMAC is $9.54M. In the past 24 hours, 248,402 UMAC shares were traded.
How to Buy Unusual Machines Stock
Not sure how to invest in Unusual Machines stock? Here's how.
- Decide where to buy Unusual Machines stock: You need to pick an online brokerage, but don't worry - we've analyzed dozens of online brokerages and apps to help you figure out where to buy Unusual Machines stock.
- Create a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
- Put funds into your investment account: Choose your method of payment and add your information.
- Evaluate Unusual Machines stock: The Unusual Machines ticker symbol is UMAC. Is Unusual Machines stock a good investment? Should you buy shares of UMAC? How do UMAC's underlying business fundamentals look? Do top analysts think Unusual Machines is a good buy? Why has UMAC's stock price moved recently? (Hint: Our stock research tools can help you evaluate if UMAC is a good stock to buy).
- Execute your UMAC buy order: Decide if you will purchase UMAC shares at the current market price or use a limit order to purchase UMAC shares at a given price.
- Watch your UMAC position: Create a watchlist to watch your investment in Unusual Machines shares.
Step 1: Decide where to buy Unusual Machines stock
You will need a brokerage account in order to access the NYSEMKT market and buy UMAC shares.
Our recommended brokerage: eToro
Based on our experience, eToro is the best brokerage. eToro gives you:
- Invest in stocks with zero commissions: Invest without commissions.
- Buy fractional shares: Even if you can't afford a full share, you can still invest in the stock.
- Access to global financial markets: From Technology to Industrials, New York to Shanghai — you can fill your portfolio with stocks from the world's leading exchanges.
- Social investing: eToro has a community of more than 20 million users worldwide. Talk to, learn from, and copy the unique crypto portfolios of top investors.
- Security: eToro is a regulated and licensed brokerage platform.
- Buy other financial assets: Such as ETFs and cryptos.
Get $10 towards your stock purchase by signing up for an account with eToro today.
Open eToro AccountStep 2: Create a brokerage account
Now that you've chosen the right brokerage, it's time to fill out some personal details so you are able to invest in UMAC today.
How to Open a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal data to open your new brokerage account.
- Send your information by pressing the "Create Account" button. Get started with eToro today
Step 3: Put funds into your investment account
Now that you've opened your account on the best beginner stock app, your next step is to transfer the money for your investment:
Check out this video walkthrough for more details depositing money into your brokerage account.
Step 4: Evaluate Unusual Machines stock
Once you have identified the best place to buy Unusual Machines stock, it's absolutely critical to analyze their stock before you buy, so you truly comprehend the risk as well as the opportunity.
Unusual Machines stock at a glance
Unusual Machines Overview
WallStreetZen was designed to help average investors perform better fundamental analysis.
You can view all of the due diligence checks on UMAC's stock page.
Is UMAC stock overvalued?
Analysts use a variety of different financial metrics, analyses, models, and charts to gauge UMAC's true value.
Using relative valuations measures:
- UMAC may be overvalued based on its P/B ratio of 6.74x, relative to Communication Equipment industry P/B ratio of 2.71x
You can access additional valuation analysis on UMAC's stock here.
UMAC Financial Summary
Signs that UMAC is financially healthy:
- UMAC has a low debt to equity ratio of 0.08.
- There are more short-term assets than short-term liabilities on the UMAC balance sheet.
- There are more short-term assets than long-term liabilities on the UMAC balance sheet.
Signs that UMAC is not financially healthy:
- UMAC has cash burn of 2204649. It does not have sufficient cash and short-term investments to cover this.
- UMAC has $894.77k in cash and short term investments. This is not sufficient to cover its annual cash burn of $2.20M.
UMAC Technical Indicators
UMAC Performance Numbers
Last year, UMAC revenue was $0.00. In the past two year, UMAC's revenue has increased by -100% per year. This was slower than the Communication Equipment industry average of 3.95%.
Learn more about UMAC's earnings and revenue performance here.
Are UMAC insiders buying or selling the stock?
Over the last 12 months, executives and large shareholders at UMAC have bought more shares than they have sold.
Allan Thomas Evans, Chief Executive Officer of UMAC, was the latest UMAC insider to buy. They bought $49,999.50 worth of UMAC stock on May 2, 2024.
Get more info about who owns UMAC stock here.
Does UMAC provide a stable income stream?
No, Unusual Machines doesn't provide an income stream by paying out dividends.
What do other traders have to say about UMAC?
One of the biggest reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to find out what other community members have to say.
Step 5: Execute your UMAC buy order
There are two primary options:
- Market order: A market order is an order to buy or sell a stock at the best price on the market.
Market orders are mostly the best for newer investors. - Limit order: A limit order enables you to buy or sell a security at a specific price (or better).
If you want to make sure you're buying or selling at a specific dollar amount, place a limit order.
Click the Open button and eToro will place your order.
If you need more info about investing in stocks on eToro, click the how to video below:
Step 6: Watch your UMAC position
Now that you own some UMAC shares, you'll want to stay up-to-date on your new investment.
Create a watchlist to keep track of your UMAC stock.
UMAC Feed
No news
There is no news on the companies in your watchlist or you don't have enough companies added to your list.
How to Buy Stock in Unusual Machines
To reiterate, here are the 6 steps to buy Unusual Machines stock:
- Decide where to buy Unusual Machines stock
- Create a brokerage account
- Put funds into your investment account
- Evaluate Unusual Machines stock
- Execute your UMAC buy order
- Watch your UMAC position
If you need a brokerage account, eToro is our recommended venue.
Get Started with eToro TodayIf you would like to track your new investment in Unusual Machines, add UMAC to your watchlist below.
Related Content
FAQ
Company
AboutNewsBlogStock Investing FAQPlansPrivacy PolicyTerms of ServiceCancellation & RefundsHelp GuidesContactTwitterYouTubeNewsletterInformation is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.