Red Cat Holdings Inc (NASDAQ:RCAT)’s traded shares stood at 7.42 million during the last session, with the company’s beta value hitting -0.31. At the close of trading, the stock’s price was $4.70, to imply an increase of 16.92% or $0.68 in intraday trading. The RCAT share’s 52-week high remains $4.22, putting it 10.21% up since that peak but still an impressive 88.94% since price per share fell to its 52-week low of $0.52. The company has a valuation of $354.42M, with an average of 1.2 million shares in intraday trading volume over the past 10 days and average of 1.45 million shares over the past 3 months.
Red Cat Holdings Inc (NASDAQ:RCAT) trade information
After registering a 16.92% upside in the last session, Red Cat Holdings Inc (RCAT) has traded red over the past five days. The 5-day price performance for the stock is 29.12%, and 54.61% over 30 days. With these gigs, the year-to-date price performance is 434.09%. Short interest in Red Cat Holdings Inc (NASDAQ:RCAT) saw shorts transact 5.12 million shares and set a 3.13 days time to cover.
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Red Cat Holdings Inc (RCAT) estimates and forecasts
Looking at statistics comparing Red Cat Holdings Inc share performance against respective industry, we note that the company has underperformed competitors. Red Cat Holdings Inc (RCAT) shares are 365.35% up over the last 6 months, with its year-to-date growth rate lower than industry average at 8.33% against 19.20%. The rating firms project that company’s revenue will grow 121.24% compared to the previous financial year.
Revenue forecast for the current quarter as set by 1 analysts is 6.49M. Meanwhile, for the current quarter, a total of 1 analyst(s) estimate revenue growth to 8.3M.Earnings reports from the last fiscal year show that sales brought in 3.93M and 5.85M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 65.00% before jumping 42.00% in the following quarter.
RCAT Dividends
Red Cat Holdings Inc has its next earnings report out on 2024-Dec-13. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Red Cat Holdings Inc (NASDAQ:RCAT)’s Major holders
Red Cat Holdings Inc insiders hold 21.26% of total outstanding shares, with institutional holders owning 17.86% of the shares at 22.68% float percentage. In total, 17.86% institutions holds shares in the company, led by AIGH CAPITAL MANAGEMENT LLC. As of 2024-06-30, the company held over 4.92 million shares (or 8.836% of shares), all amounting to roughly $5.66 million.
The next major institution holding the largest number of shares is AWM INVESTMENT COMPANY, INC. with 4.47 million shares, or about 8.0313% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $5.14 million.
