In the last trading session, 30.77 million shares of the Red Cat Holdings Inc (NASDAQ:RCAT) were traded, and its beta was 0.79. Most recently the company’s share price was $7.32, and it changed around -$1.87 or -20.35% from the last close, which brings the market valuation of the company to $665.50M. RCAT currently trades at a discount to its 52-week high of $15.27, offering almost -108.61% off that amount. The share price’s 52-week low was $1.00, which indicates that the current value has risen by an impressive 86.34% since then. We note from Red Cat Holdings Inc’s average daily trading volume that its 10-day average is 13.84 million shares, with the 3-month average coming to 5.90 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 (NASDAQ:RCAT) trade information
Instantly RCAT has showed a red trend with a performance of -20.35% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 9.49 on recent trading dayincreased the stock’s daily price by 22.87%. The company’s shares are currently down -43.04% year-to-date, but still down -14.78% over the last five days. On the other hand, Red Cat Holdings Inc (NASDAQ:RCAT) is 6.40% up in the 30-day period. We can see from the shorts that 11.46 million shares have been sold at a short interest cover period of 2.19 day(s).
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -47.70%.
RCAT Dividends
Red Cat Holdings Inc’s next quarterly earnings report is expected to be released on 2025-May-13.
Red Cat Holdings Inc (NASDAQ:RCAT)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 14.89% of Red Cat Holdings Inc shares, and 20.21% of them are in the hands of institutional investors. The stock currently has a share float of 23.74%. Red Cat Holdings Inc stock is held by 137.0 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.
