In the last trading session, 3.37 million shares of the Red Cat Holdings Inc (NASDAQ:RCAT) were traded, and its beta was 0.74. Most recently the company’s share price was $5.32, and it changed around -$0.22 or -3.97% from the last close, which brings the market valuation of the company to $481.54M. RCAT currently trades at a discount to its 52-week high of $15.27, offering almost -187.03% off that amount. The share price’s 52-week low was $0.80, which indicates that the current value has risen by an impressive 84.96% since then.
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 -0.1 for the current quarter.
Red Cat Holdings Inc (NASDAQ:RCAT) trade information
Instantly RCAT has showed a red trend with a performance of -3.97% 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 6.16 on recent trading dayincreased the stock’s daily price by 13.64%. The company’s shares are currently down -58.60% year-to-date, but still up 4.52% over the last five days. On the other hand, Red Cat Holdings Inc (NASDAQ:RCAT) is -13.78% down in the 30-day period.
Red Cat Holdings Inc (RCAT) estimates and forecasts
The year-over-year growth rate is expected to be 349.47%, up from the previous year.
Consensus estimates provided by 2 financial analysts predict the company will bring in an average of 2.4M in revenue for the current quarter. 2 analysts expect Red Cat Holdings Inc to make 11.12M in revenue for the current ending quarter. Forecasts for the next quarter put sales growth at 207.41%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 54.36%.
RCAT Dividends
Red Cat Holdings Inc’s next quarterly earnings report is expected to be released in June.
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 INDEX FUNDS-Vanguard Total Stock Market Index Fund and SPDR SERIES TRUST-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 $8.71 million, making up 5.74% of all outstanding shares. On the other hand, SPDR SERIES TRUST-SPDR S&P Kensho New Economies Composite ETF held roughly 1.58 shares worth around $8.41 million, which represents about 5.53% of the total shares outstanding.
