In the last trading session, 4.56 million shares of the Red Cat Holdings Inc (NASDAQ:RCAT) were traded, and its beta was 0.45. Most recently the company’s share price was $5.98, and it changed around $0.56 or 10.33% from the last close, which brings the market valuation of the company to $511.99M. RCAT currently trades at a discount to its 52-week high of $15.27, offering almost -155.35% off that amount. The share price’s 52-week low was $0.71, which indicates that the current value has risen by an impressive 88.13% since then. We note from Red Cat Holdings Inc’s average daily trading volume that its 10-day average is 3.73 million shares, with the 3-month average coming to 8.29 million.
Red Cat Holdings Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 3 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 0 recommended RCAT as a Hold, whereas 3 deemed it a Buy, and 0 rated it as Underweight. Red Cat Holdings Inc is expected to report earnings per share of 0 for the current quarter.
Red Cat Holdings Inc (NASDAQ:RCAT) trade information
Instantly RCAT has showed a green trend with a performance of 10.33% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 6.12 on recent trading dayincreased the stock’s daily price by 2.29%. The company’s shares are currently down -53.46% year-to-date, but still up 3.28% over the last five days. On the other hand, Red Cat Holdings Inc (NASDAQ:RCAT) is -22.94% down in the 30-day period. We can see from the shorts that 14.52 million shares have been sold at a short interest cover period of 2.06 day(s).
Red Cat Holdings Inc (RCAT) estimates and forecasts
The year-over-year growth rate is expected to be 193.50%, up from the previous year.
Consensus estimates provided by 1 financial analysts predict the company will bring in an average of 2M in revenue for the current quarter. 1 analysts expect Red Cat Holdings Inc to make 7M in revenue for the current ending quarter. Forecasts for the next quarter put sales growth at 93.51%. Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 54.36%.
Red Cat Holdings Inc (NASDAQ:RCAT)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 18.15% of Red Cat Holdings Inc shares, and 33.69% of them are in the hands of institutional investors. The stock currently has a share float of 41.16%. Red Cat Holdings Inc stock is held by 116.0 institutions, with AIGH CAPITAL MANAGEMENT LLC being the largest institutional investor. By 2024-06-30, it held 6.6048% of the shares, which is about 4.92 million shares worth $5.66 million.
AWM INVESTMENT COMPANY, INC., with 6.0033% or 4.47 million shares worth $5.14 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and SPDR S&P Kensho New Economies Composite ETF were the top two Mutual Funds as of Dec 31, 2024 . The former held 1.64 shares worth $9.8 million, making up 5.74% of all outstanding shares. On the other hand, SPDR S&P Kensho New Economies Composite ETF held roughly 1.56 shares worth around $9.33 million, which represents about 5.46% of the total shares outstanding.
