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An update from Unusual Machines Inc. ( (UMAC) ) is now available.
Unusual Machines Inc. issued a shareholder letter addressing concerns over potential short seller manipulation and affirming their commitment to transparency and strategic growth in the drone industry. The company highlights recent achievements, such as completing an IPO, making strategic acquisitions, and launching U.S.-made drone products, while emphasizing their long-term focus on diversifying drone supply chains and supporting U.S. manufacturing.
More about Unusual Machines Inc.
Unusual Machines Inc. manufactures and sells drone components and drones, with a brand portfolio that includes Fat Shark, known for FPV video goggles, and retails FPV drones through the Rotor Riot e-commerce store. The company aims to be a leading supplier in the US drone industry and global defense market, with the drone accessories market projected to grow significantly by 2032.
YTD Price Performance: 316.17%
Average Trading Volume: 3,742,491
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $175.5M
For a thorough assessment of UMAC stock, go to TipRanks’ Stock Analysis page.
