In the last trading session, 7.53 million shares of the Red Cat Holdings Inc (NASDAQ:RCAT) were traded, and its beta was -0.29. Most recently the company’s share price was $4.74, and it changed around -$0.16 or -3.27% from the last close, which brings the market valuation of the company to $357.43M. RCAT currently trades at a discount to its 52-week high of $5.62, offering almost -18.57% off that amount. The share price’s 52-week low was $0.52, which indicates that the current value has risen by an impressive 89.03% since then. We note from Red Cat Holdings Inc’s average daily trading volume that its 10-day average is 2.38 million shares, with the 3-month average coming to 1.63 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 3 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 0 recommended RCAT as a Hold, whereas 2 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 showed a red trend with a performance of -3.27% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 5.62 on recent trading dayincreased the stock’s daily price by 15.66%. The company’s shares are currently up 438.64% year-to-date, but still up 19.40% over the last five days. On the other hand, Red Cat Holdings Inc (NASDAQ:RCAT) is 59.60% up in the 30-day period. We can see from the shorts that 5.12 million shares have been sold at a short interest cover period of 3.13 day(s).
Red Cat Holdings Inc (RCAT) estimates and forecasts
Red Cat Holdings Inc share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 334.86 percent over the past six months and at a 8.33% annual growth rate that is well below the industry average of 19.50%. The year-over-year growth rate is expected to be 121.24%, up from the previous year.
Consensus estimates provided by 1 financial analysts predict the company will bring in an average of 6.49M in revenue for the current quarter. 1 analysts expect Red Cat Holdings Inc to make 8.3M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 3.93M and 5.85M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 65.00%. Forecasts for the next quarter put sales growth at 42.00%.
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 in December.
Red Cat Holdings Inc (NASDAQ:RCAT)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 21.20% of Red Cat Holdings Inc shares, and 17.81% of them are in the hands of institutional investors. The stock currently has a share float of 22.60%. Red Cat Holdings Inc stock is held by 65.0 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.
