In the latest trading session, 6.12 million Red Cat Holdings Inc (NASDAQ:RCAT) shares changed hands as the company’s beta touched 0.42. With the company’s most recent per share price at $11.45 changed hands at -$0.32 or -2.72% at last look, the market valuation stands at $1.10B. RCAT’s current price is a discount, trading about -3.76% off its 52-week high of $11.88. The share price had its 52-week low at $0.52, which suggests the last value was 95.46% up since then. When we look at Red Cat Holdings Inc’s average trading volume, we note the 10-day average is 11.83 million shares, with the 3-month average coming to 3.12 million.
Red Cat Holdings Inc (NASDAQ:RCAT) trade information
Instantly RCAT was in red as seen in intraday trades today. With action 27.65%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 1201.14%, with the 5-day performance at 27.65% in the green. However, in the 30-day time frame, Red Cat Holdings Inc (NASDAQ:RCAT) is 274.18% up. Looking at the short shares, we see there were 5.23 million shares sold at short interest cover period of 3.43 days.
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 1073.76% over the past 6 months, a -8.33% in annual growth rate that is considerably lower than the industry average of 17.80%. Year-over-year growth is forecast to reach 233.18% 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 4.13M. 1 analysts are of the opinion that Red Cat Holdings Inc’s revenue for the current quarter will be 8.07M. The company’s revenue for the corresponding quarters a year ago was 3.93M and 5.85M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 4.99%. The estimates for the next quarter sales put growth at 38.00%.
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 66.25%.
RCAT Dividends
Red Cat Holdings Inc is expected to release its next quarterly earnings report in January.
Red Cat Holdings Inc (NASDAQ:RCAT)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 21.19% of Red Cat Holdings Inc shares while 17.75% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 22.52%. There are 17.75% 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.
