In the last trading session, 1.55 million Red Cat Holdings Inc (NASDAQ:RCAT) shares changed hands as the company’s beta touched -0.32. With the company’s per share price at $3.97 changed hands at $0.22 or 5.87% during last session, the market valuation stood at $299.37M. RCAT’s last price was a premium, traded about 0.76% off its 52-week high of $3.94. The share price had its 52-week low at $0.52, which suggests the last value was 86.9% up since then. When we look at Red Cat Holdings Inc’s average trading volume, we note the 10-day average is 1.09 million shares, with the 3-month average coming to 1.45 million.
Red Cat Holdings Inc (NASDAQ:RCAT) trade information
Instantly RCAT was in green as seen at the end of in last trading. With action 16.08%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 351.14%, with the 5-day performance at 16.08% in the green. However, in the 30-day time frame, Red Cat Holdings Inc (NASDAQ:RCAT) is 8.77% up. Looking at the short shares, we see there were 4.66 million shares sold at short interest cover period of 2.26 days.
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Red Cat Holdings Inc (RCAT) estimates and forecasts
Data shows that the Red Cat Holdings Inc share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 254.46% over the past 6 months, a 8.33% in annual growth rate that is considerably lower than the industry average of 18.60%. Year-over-year growth is forecast to reach 121.20% up from the last financial year.
Consensus estimates given by 1 financial analysts project the company’s revenue in the current quarter to hit an average of 6.49M. 1 analysts are of the opinion that Red Cat Holdings Inc’s revenue for the current quarter will be 8.3M.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 54.36%. The 2024 estimates are for Red Cat Holdings Inc earnings to increase by 62.50%.
RCAT Dividends
Red Cat Holdings Inc is expected to release its next quarterly earnings report in December.
Red Cat Holdings Inc (NASDAQ:RCAT)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 21.26% of Red Cat Holdings Inc shares while 18.95% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 24.06%. There are 18.95% institutions holding the Red Cat Holdings Inc stock share, with AIGH CAPITAL MANAGEMENT LLC the top institutional holder. As of 2024-06-30, the company held 8.836% of the shares, roughly 4.92 million RCAT shares worth $5.66 million.
AWM INVESTMENT COMPANY, INC. holds the second largest percentage of outstanding shares, with 8.0313% or 4.47 million shares worth $5.14 million as of 2024-06-30.
