In the last trading session, 3.79 million Red Cat Holdings Inc (NASDAQ:RCAT) shares changed hands as the company’s beta touched 0.60. With the company’s per share price at $6.49 changed hands at $0.32 or 5.19% during last session, the market valuation stood at $555.86M. RCAT’s last price was a discount, traded about -135.29% off its 52-week high of $15.27. The share price had its 52-week low at $0.78, which suggests the last value was 87.98% up since then. When we look at Red Cat Holdings Inc’s average trading volume, we note the 10-day average is 4.18 million shares, with the 3-month average coming to 6.85 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 10.37%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -49.49%, with the 5-day performance at 10.37% in the green. However, in the 30-day time frame, Red Cat Holdings Inc (NASDAQ:RCAT) is 20.41% up. Looking at the short shares, we see there were 8.04 million shares sold at short interest cover period of 1.54 days.
Red Cat Holdings Inc (RCAT) estimates and forecasts
Year-over-year growth is forecast to reach 349.47% up from the last financial year.
Consensus estimates given by 2 financial analysts project the company’s revenue in the current quarter to hit an average of 2.4M. 2 analysts are of the opinion that Red Cat Holdings Inc’s revenue for the current quarter will be 11.12M. The estimates for the next quarter sales put growth at 207.41%.
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 33.69% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 41.16%. There are 33.69% 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.
Among Mutual Funds, the top two as of Dec 31, 2024 were VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and SPDR SERIES TRUST-SPDR S&P Kensho New Economies Composite ETF . With 1.64 shares estimated at $10.63 million under it, the former controlled 5.74% of total outstanding shares. On the other hand, SPDR SERIES TRUST-SPDR S&P Kensho New Economies Composite ETF held about 5.46% of the shares, roughly 1.56 shares worth around $10.12 million.
