During the last session, Red Cat Holdings Inc (NASDAQ:RCAT)’s traded shares were 1.15 million, with the beta value of the company hitting -0.38. At the end of the trading day, the stock’s price was $3.19, reflecting an intraday loss of -5.34% or -$0.18. The 52-week high for the RCAT share is $3.65, that puts it down -14.42 from that peak though still a striking 83.7% gain since the share price plummeted to a 52-week low of $0.52. The company’s market capitalization is $240.56M, and the average intraday trading volume over the past 10 days was 1.95 million shares, and the average trade volume was 1.53 million shares over the past three months.
Red Cat Holdings Inc (NASDAQ:RCAT) trade information
Red Cat Holdings Inc (RCAT) registered a -5.34% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -5.34% in intraday trading to $3.19, hitting a weekly high. The stock’s 5-day price performance is -3.04%, and it has moved by 14.75% in 30 days. Based on these gigs, the overall price performance for the year is 227.15%. The short interest in Red Cat Holdings Inc (NASDAQ:RCAT) is 5.77 million shares and it means that shorts have 3.84 day(s) to cover.
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Red Cat Holdings Inc (RCAT) estimates and forecasts
Statistics show that Red Cat Holdings Inc has underperformed its competitors in share price, compared to the industry in which it operates. Red Cat Holdings Inc (RCAT) shares have gone up 258.43% during the last six months, with a year-to-date growth rate less than the industry average at 8.33% against 18.20. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 20.00% this quarter and then jump 50.00% in the quarter after that. In the rating firms’ projections, revenue will increase 62.10% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 6.49M as predicted by 1 analyst(s). Meanwhile, a consensus of 1 analyst(s) estimates revenue growth to 8.3M by the end of current fiscal year.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 54.36%. While earnings are projected to return 56.25% in 2024.
RCAT Dividends
Red Cat Holdings Inc is due to release its next quarterly earnings in November. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Red Cat Holdings Inc (NASDAQ:RCAT)’s Major holders
Red Cat Holdings Inc insiders own 21.26% of total outstanding shares while institutional holders control 19.02%, with the float percentage being 24.15%. AIGH CAPITAL MANAGEMENT LLC is the largest shareholder of the company, while 50.0 institutions own stock in it. As of 2024-06-30, the company held over 4.92 million shares (or 8.836% of all shares), a total value of $5.66 million in shares.
The next largest institutional holding, with 4.47 million shares, is of AWM INVESTMENT COMPANY, INC.’s that is approximately 8.0313% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $5.14 million.
