During the last session, Red Cat Holdings Inc (NASDAQ:RCAT)’s traded shares were 0.85 million, with the beta value of the company hitting -0.38. The 52-week high for the RCAT share is $3.94, that puts it down -28.76 from that peak though still a striking 83.01% gain since the share price plummeted to a 52-week low of $0.52. The company’s market capitalization is $230.75M, and the average intraday trading volume over the past 10 days was 1.07 million shares, and the average trade volume was 1.46 million shares over the past three months.
Red Cat Holdings Inc (NASDAQ:RCAT) trade information
The stock’s 5-day price performance is 13.75%, and it has moved by -6.99% in 30 days. Based on these gigs, the overall price performance for the year is 251.24%. The short interest in Red Cat Holdings Inc (NASDAQ:RCAT) is 4.66 million shares and it means that shorts have 2.26 day(s) to cover.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
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 170.80% during the last six months, with a year-to-date growth rate less than the industry average at 8.33% against 18.40. 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 on 2024-Dec-13. 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 18.96%, with the float percentage being 24.08%. AIGH CAPITAL MANAGEMENT LLC is the largest shareholder of the company, while 53.0 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.
