In recent trading session, Red Cat Holdings Inc (NASDAQ:RCAT) saw 2.5 million shares changing hands at last check today with its beta currently measuring 0.54. Company’s recent per share price level of $8.42 trading at $0.27 or 3.33% at last check today assigns it a market valuation of $675.05M. That most recent trading price of RCAT’s stock is at a discount of -49.29% from its 52-week high price of $12.57 and is indicating a premium of 93.35% from its 52-week low price of $0.56. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 11.81 million shares which gives us an average trading volume of 5.25 million if we extend that period to 3-months.
Red Cat Holdings Inc (NASDAQ:RCAT) trade information
Upright in the green today for gaining 3.33%, in the last five days RCAT remained trading in the green while hitting it’s week-highest on Monday, 12/16/24 when the stock touched $8.42 price level, adding 25.68% to its value on the day. Red Cat Holdings Inc’s shares saw a change of 856.95% in year-to-date performance and have moved 17.12% in past 5-day. Red Cat Holdings Inc (NASDAQ:RCAT) showed a performance of 77.66% in past 30-days. Number of shares sold short was 6.88 million shares which calculate 1.18 days to cover the short interests.
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Red Cat Holdings Inc (RCAT) estimates and forecasts
Statistics highlight that Red Cat Holdings Inc is scoring comparatively lower than the scores of other players of the relevant industry. The company added 725.61% of value to its shares in past 6 months, showing an annual growth rate of -38.89% while that of industry is 17.40. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 38.65% from the last financial year’s standing.
1 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 7.49M for the same. And 1 analysts are in estimates of company making revenue of 12.93M in the next quarter. Company posted 5.85M and 6.31M of sales in current and next quarters respectively a year earlier.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 54.36% during past 5 years.
Red Cat Holdings Inc (NASDAQ:RCAT)’s Major holders
Insiders are in possession of 21.30% of company’s total shares while institution are holding 14.25 percent of that, with stock having share float percentage of 18.11%. Investors also watch the number of corporate investors in a company very closely, which is 14.25% institutions for Red Cat Holdings Inc that are currently holding shares of the company. AIGH CAPITAL MANAGEMENT LLC is the top institutional holder at RCAT for having 4.92 million shares of worth $5.66 million. And as of 2024-06-30, it was holding 8.836 of the company’s outstanding shares.
The second largest institutional holder is AWM INVESTMENT COMPANY, INC., which was holding about 4.47 million shares on 2024-06-30. The number of shares represents firm’s hold over 8.0313 of outstanding shares, having a total worth of $5.14 million.
On the other hand, Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund are the top two Mutual Funds which own company’s shares. As of Sep 30, 2024, the former fund manager was holding 1.64 shares of worth $14.01 million or 5.74% of the total outstanding shares. The later fund manager was in possession of 535.38 shares on Sep 30, 2024, making its stake of worth around $4.58 million in the company or a holder of 1.87% of company’s stock.
