In today’s recent session, 0.52 million shares of the Red Cat Holdings Inc (NASDAQ:RCAT) have been traded, and its beta is -0.40. Most recently the company’s share price was $3.12, and it changed around $0.0 or -0.13% from the last close, which brings the market valuation of the company to $232.44M. RCAT at last check was trading at a discount to its 52-week high of $3.27, offering almost -4.81% off that amount. The share price’s 52-week low was $0.52, which indicates that the recent value has risen by an impressive 83.33% since then. We note from Red Cat Holdings Inc’s average daily trading volume that its 10-day average is 1.2 million shares, with the 3-month average coming to 1.01 million.
Red Cat Holdings Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 2 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 0 recommended RCAT as a Hold, whereas 1 deemed it a Buy, and 0 rated it as Underweight. Red Cat Holdings Inc is expected to report earnings per share of -0.08 for the current quarter.
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Red Cat Holdings Inc (NASDAQ:RCAT) trade information
Instantly RCAT has been showing red trend so far today with a performance of -0.13% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 3.27 on recent trading dayincreased the stock’s daily price by 4.59%. The company’s shares are currently up 254.07% year-to-date, but still up 3.86% over the last five days. On the other hand, Red Cat Holdings Inc (NASDAQ:RCAT) is 40.99% up in the 30-day period. We can see from the shorts that 2.64 million shares have been sold at a short interest cover period of 1.89 day(s).
Red Cat Holdings Inc (RCAT) estimates and forecasts
Red Cat Holdings Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 332.15 percent over the past six months and at a 38.89% annual growth rate that is well above the industry average of 16.60%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 27.30% in revenue this quarter, and will report an increase of 40.00% in the next quarter. The year-over-year growth rate is expected to be 82.90%, up from the previous year.
Consensus estimates provided by 1 financial analysts predict the company will bring in an average of 3.85M in revenue for the current quarter. 1 analysts expect Red Cat Holdings Inc to make 7.27M in revenue for the current ending quarter. Analysts predict that the company’s current quarter sales will drop, forecast at -1.30%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 54.36%.
RCAT Dividends
Red Cat Holdings Inc’s next quarterly earnings report is expected to be released on 2024-Sep-17.
Red Cat Holdings Inc (NASDAQ:RCAT)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 28.53% of Red Cat Holdings Inc shares, and 19.77% of them are in the hands of institutional investors. The stock currently has a share float of 27.67%. Red Cat Holdings Inc stock is held by 49.0 institutions, with AIGH CAPITAL MANAGEMENT LLC being the largest institutional investor. By 2024-06-30, it held 8.836% of the shares, which is about 4.92 million shares worth $5.66 million.
AWM INVESTMENT COMPANY, INC., with 8.0313% or 4.47 million shares worth $5.14 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund were the top two Mutual Funds as of Mar 31, 2024. The former held 849.14 shares worth $2.63 million, making up 2.97% of all outstanding shares. On the other hand, Vanguard Extended Market Index Fund held roughly 403.29 shares worth around $1.25 million, which represents about 1.41% of the total shares outstanding.
