Is Red Cat Holdings Inc (NASDAQ: RCAT) Stock Ready For A Higher Run In Its Share Price?

In the last trading session, 6.41 million Red Cat Holdings Inc (NASDAQ:RCAT) shares changed hands as the company’s beta touched 0.44. With the company’s per share price at $5.79 changed hands at $0.13 or 2.30% during last session, the market valuation stood at $495.72M. RCAT’s last price was a discount, traded about -163.73% off its 52-week high of $15.27. The share price had its 52-week low at $0.70, which suggests the last value was 87.91% up since then. When we look at Red Cat Holdings Inc’s average trading volume, we note the 10-day average is 4.53 million shares, with the 3-month average coming to 9.84 million.

Red Cat Holdings Inc (NASDAQ:RCAT) trade information

Instantly RCAT was in green as seen at the end of in last trading. With action 20.25%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -54.94%, with the 5-day performance at 20.25% in the green. However, in the 30-day time frame, Red Cat Holdings Inc (NASDAQ:RCAT) is -38.60% down. Looking at the short shares, we see there were 14.52 million shares sold at short interest cover period of 2.06 days.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 54.36%.

RCAT Dividends

Red Cat Holdings Inc is expected to release its next quarterly earnings report on 2024-Dec-15.

Red Cat Holdings Inc (NASDAQ:RCAT)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 18.15% of Red Cat Holdings Inc shares while 33.66% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 41.12%. There are 33.66% institutions holding the Red Cat Holdings Inc stock share, with AIGH CAPITAL MANAGEMENT LLC the top institutional holder. As of 2024-06-30, the company held 6.6048% of the shares, roughly 4.92 million RCAT shares worth $5.66 million.

AWM INVESTMENT COMPANY, INC. holds the second largest percentage of outstanding shares, with 6.0033% or 4.47 million shares worth $5.14 million as of 2024-06-30.