During the last session, Red Cat Holdings Inc (NASDAQ:RCAT)’s traded shares were 2.97 million, with the beta value of the company hitting 0.42. At the end of the trading day, the stock’s price was $6.00, reflecting an intraday gain of 3.18% or $0.18. The 52-week high for the RCAT share is $15.27, that puts it down -154.5 from that peak though still a striking 87.5% gain since the share price plummeted to a 52-week low of $0.75. The company’s market capitalization is $513.70M, and the average intraday trading volume over the past 10 days was 3.74 million shares, and the average trade volume was 7.60 million shares over the past three months.
Red Cat Holdings Inc (NASDAQ:RCAT) trade information
Red Cat Holdings Inc (RCAT) registered a 3.18% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 3.18% in intraday trading to $6.00, hitting a weekly high. The stock’s 5-day price performance is 14.72%, and it has moved by -11.50% in 30 days. Based on these gigs, the overall price performance for the year is 673.49%. The short interest in Red Cat Holdings Inc (NASDAQ:RCAT) is 8.04 million shares and it means that shorts have 1.54 day(s) to cover.
Red Cat Holdings Inc (RCAT) estimates and forecasts
In the rating firms’ projections, revenue will increase 193.50% 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 2M as predicted by 1 analyst(s). Meanwhile, a consensus of 1 analyst(s) estimates revenue growth to 7M by the end of current fiscal year.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 54.36%.
RCAT Dividends
Red Cat Holdings Inc is due to release its next quarterly earnings on 2024-Dec-15. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Red Cat Holdings Inc (NASDAQ:RCAT)’s Major holders
Red Cat Holdings Inc insiders own 18.15% of total outstanding shares while institutional holders control 33.69%, with the float percentage being 41.16%. AIGH CAPITAL MANAGEMENT LLC is the largest shareholder of the company, while 116.0 institutions own stock in it. As of 2024-06-30, the company held over 4.92 million shares (or 6.6048% of all shares), a total value of $5.66 million in shares.
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 INDEX FUNDS-Vanguard Total Stock Market Index Fund and SPDR SERIES TRUST-SPDR S&P Kensho New Economies Composite ETF . Data provided on Dec 31, 2024 indicates that VANGUARD INDEX FUNDS-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 $9.83 million market value. The same data shows that the other fund manager holds slightly less at 1.56, or about 5.46% of the stock, which is worth about $9.36 million.
