Will Red Cat Holdings Inc (NASDAQ: RCAT) Stock Boom Or Bust From Here?

During the last session, Red Cat Holdings Inc (NASDAQ:RCAT)’s traded shares were 6.12 million, with the beta value of the company hitting 0.42. At the end of the trading day, the stock’s price was $9.30, reflecting an intraday loss of -3.28% or -$0.31. The 52-week high for the RCAT share is $15.27, that puts it down -64.19 from that peak though still a striking 93.33% gain since the share price plummeted to a 52-week low of $0.62. The company’s market capitalization is $745.50M, and the average intraday trading volume over the past 10 days was 8.2 million shares, and the average trade volume was 10.86 million shares over the past three months.

Red Cat Holdings Inc (NASDAQ:RCAT) trade information

Red Cat Holdings Inc (RCAT) registered a -3.28% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -3.28% in intraday trading to $9.30, hitting a weekly high. The stock’s 5-day price performance is -5.10%, and it has moved by -0.32% in 30 days. Based on these gigs, the overall price performance for the year is 1232.38%. The short interest in Red Cat Holdings Inc (NASDAQ:RCAT) is 6.88 million shares and it means that shorts have 1.18 day(s) to cover.

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 52.50% in 2025.

RCAT Dividends

Red Cat Holdings Inc is due to release its next quarterly earnings in March. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

The next largest institutional holding, with 4.92 million shares, is of AIGH CAPITAL MANAGEMENT LLC’s that is approximately 6.6048% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $5.66 million.