Is Red Cat Holdings Inc’s 1120.04% Rise This Year Is A Better Investing Opportunity?

In recent trading session, Red Cat Holdings Inc (NASDAQ:RCAT) saw 0.83 million shares changing hands at last check today with its beta currently measuring 0.42. Company’s recent per share price level of $8.50 trading at $0.0 or 0.00% at last check today assigns it a market valuation of $727.75M. That most recent trading price of RCAT’s stock is at a discount of -79.65% from its 52-week high price of $15.27 and is indicating a premium of 92.0% from its 52-week low price of $0.68.

Red Cat Holdings Inc (NASDAQ:RCAT) trade information

Red Cat Holdings Inc’s shares saw a change of -33.85% in year-to-date performance and have moved -9.86% in past 5-day. Red Cat Holdings Inc (NASDAQ:RCAT) showed a performance of -2.86% in past 30-days.

Red Cat Holdings Inc (RCAT) estimates and forecasts

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

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 6.6048 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 6.0033 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 $13.69 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 $4.48 million in the company or a holder of 1.87% of company’s stock.