Red Cat Holdings Inc (NASDAQ:RCAT) has a beta value of 0.41 and has seen 12.87 million shares traded in the last trading session. The company, currently valued at $691.79M, closed the last trade at $8.63 per share which meant it gained $0.32 on the day or 3.85% during that session. The RCAT stock price is -76.94% off its 52-week high price of $15.27 and 93.51% above the 52-week low of $0.56. If we look at the company’s 10-day average daily trading volume, we find that it stood at 10.78 million shares traded. The 3-month trading volume is 9.26 million shares.
Red Cat Holdings Inc (NASDAQ:RCAT) trade information
Sporting 3.85% in the green in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the RCAT stock price touched $8.63 or saw a rise of 14.55%. Year-to-date, Red Cat Holdings Inc shares have moved -32.84%, while the 5-day performance has seen it change -14.60%. Over the past 30 days, the shares of Red Cat Holdings Inc (NASDAQ:RCAT) have changed -19.72%. Short interest in the company has seen 6.88 million shares shorted with days to cover at 1.18.
Red Cat Holdings Inc (RCAT) estimates and forecasts
Figures show that Red Cat Holdings Inc shares have underperformed across the wider relevant industry. The company’s shares have gained 307.08% over the past 6 months, with this year growth rate of -38.89%, compared to 15.10% for the industry. Revenue growth from the last financial year stood is estimated to be 38.65%.
1 analysts offering their estimates for the company have set an average revenue estimate of 7.49M for the current quarter. 1 have an estimated revenue figure of 12.93M for the next ending quarter. Year-ago sales stood 5.85M and 6.31M respectively for this quarter and the next, and analysts expect sales will grow by 27.99% for the current quarter and 38.65% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 54.36% over the past 5 years.
RCAT Dividends
Red Cat Holdings Inc is expected to release its next earnings report in February this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Red Cat Holdings Inc (NASDAQ:RCAT)’s Major holders
Insiders own 21.30% of the company shares, while shares held by institutions stand at 14.25% with a share float percentage of 18.11%. Investors are also buoyed by the number of investors in a company, with Red Cat Holdings Inc having a total of 65.0 institutions that hold shares in the company. The top two institutional holders are AIGH CAPITAL MANAGEMENT LLC with over 4.92 million shares worth more than $5.66 million. As of 2024-06-30, AIGH CAPITAL MANAGEMENT LLC held 8.836% of shares outstanding.
The other major institutional holder is AWM INVESTMENT COMPANY, INC., with the holding of over 4.47 million shares as of 2024-06-30. The firm’s total holdings are worth over $5.14 million and represent 8.0313% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund . As of Sep 30, 2024 , the former fund manager holds about 5.74% shares in the company for having 1.64 shares of worth $14.14 million while later fund manager owns 535.38 shares of worth $4.62 million as of Sep 30, 2024 , which makes it owner of about 1.87% of company’s outstanding stock.
