During the last session, Red Cat Holdings Inc (NASDAQ:RCAT)’s traded shares were 3.66 million, with the beta value of the company hitting 0.41. At the end of the trading day, the stock’s price was $5.28, reflecting an intraday loss of -2.04% or -$0.11. The 52-week high for the RCAT share is $15.27, that puts it down -189.2 from that peak though still a striking 86.74% gain since the share price plummeted to a 52-week low of $0.70. The company’s market capitalization is $452.06M, and the average trade volume was 10.08 million shares over the past three months.
Red Cat Holdings Inc (NASDAQ:RCAT) trade information
Red Cat Holdings Inc (RCAT) registered a -2.04% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -2.04% in intraday trading to $5.28, hitting a weekly high. The stock’s 5-day price performance is -16.19%, and it has moved by -47.51% in 30 days. Based on these gigs, the overall price performance for the year is 591.46%.
Red Cat Holdings Inc (RCAT) estimates and forecasts
In the rating firms’ projections, revenue will increase 38.65% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 7.49M as predicted by 1 analyst(s). Meanwhile, a consensus of 1 analyst(s) estimates revenue growth to 12.93M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 5.85M and 6.31M respectively. In this case, analysts expect current quarter sales to grow by 27.99% and then jump by 104.99% in the coming quarter.
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 -25.00% in 2025.
RCAT Dividends
Red Cat Holdings Inc is due to release its next quarterly earnings in April. 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 4.47 million shares, is of AWM INVESTMENT COMPANY, INC.’s that is approximately 6.0033% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $5.14 million.
Also, the Mutual Funds coming in first place with the largest holdings of Red Cat Holdings Inc (RCAT) shares are Vanguard Total Stock Market Index Fund and SPDR (R) Ser Tr-SPDR� Kensho New Economies Composite ETF . Data provided on Sep 30, 2024 indicates that Vanguard Total Stock Market Index Fund owns about 1.64 shares. This amounts to just over 5.74 percent of the company’s overall shares, with a $8.65 million market value. The same data shows that the other fund manager holds slightly less at 1.55, or about 5.41% of the stock, which is worth about $8.16 million.
