During the recent session, Red Cat Holdings Inc (NASDAQ:RCAT)’s traded shares were 7.52 million, with the beta value of the company hitting -0.11. At the last check today, the stock’s price was $8.42, reflecting an intraday gain of 15.34% or $1.12. The 52-week high for the RCAT share is $7.86, that puts it up 6.65 from that peak though still a striking 93.82% gain since the share price plummeted to a 52-week low of $0.52. The company’s market capitalization is $635.42M, and the average intraday trading volume over the past 10 days was 6.3 million shares, and the average trade volume was 2.22 million shares over the past three months.
Red Cat Holdings Inc (NASDAQ:RCAT) trade information
Red Cat Holdings Inc (RCAT) registered a 15.34% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 15.34% in intraday trading to $8.42, hitting a weekly high. The stock’s 5-day price performance is 79.15%, and it has moved by 209.56% in 30 days. Based on these gigs, the overall price performance for the year is 846.07%. The short interest in Red Cat Holdings Inc (NASDAQ:RCAT) is 5.12 million shares and it means that shorts have 3.13 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 721.46% during the last six months, with a year-to-date growth rate less than the industry average at 8.33% against 18.60. In the rating firms’ projections, revenue will increase 61.78% 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 4.13M as predicted by 1 analyst(s). Meanwhile, a consensus of 1 analyst(s) estimates revenue growth to 8.07M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 3.93M and 5.85M respectively. In this case, analysts expect current quarter sales to grow by 4.99% and then jump by 38.00% in the coming quarter.
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 66.25% in 2024.
RCAT Dividends
Red Cat Holdings Inc is due to release its next quarterly earnings in December. 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 21.20% of total outstanding shares while institutional holders control 17.81%, with the float percentage being 22.60%. AIGH CAPITAL MANAGEMENT LLC is the largest shareholder of the company, while 65.0 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.
Also, the Mutual Funds coming in first place with the largest holdings of Red Cat Holdings Inc (RCAT) shares are Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund. Data provided on Jun 30, 2024 indicates that Vanguard Total Stock Market Index Fund owns about 849.14 shares. This amounts to just over 2.97 percent of the company’s overall shares, with a $7.24 million market value. The same data shows that the other fund manager holds slightly less at 526.03, or about 1.84% of the stock, which is worth about $4.48 million.
