Red Cat Holdings Inc (NASDAQ:RCAT) has a beta value of 261.58% and has seen 6.44 shares traded in the last trading session. The company, currently valued at $676.17M, closed the last trade at $7.30 per share which meant it lost -$6.03 on the day or 6.87% during that session. The RCAT stock price is -109.18% off its 52-week high price of $15.27 and 86.3% above the 52-week low of $1.00. If we look at the company’s 10-day average daily trading volume, we find that it stood at 13.6 million shares traded. The 3-month trading volume is 1.46 shares.
Red Cat Holdings Inc (NASDAQ:RCAT) trade information
Sporting 6.87% in the green in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the RCAT stock price touched $7.30 or saw a rise of 23.08%. Year-to-date, Red Cat Holdings Inc shares have moved 513.39%, while the 5-day performance has seen it change -21.49%. Over the past 30 days, the shares of Red Cat Holdings Inc (NASDAQ:RCAT) have changed 1.33%. Short interest in the company has seen 11.46 million shares shorted with days to cover at 2.19.
Red Cat Holdings Inc (RCAT) estimates and forecasts
The company’s shares have lost -34.26% over the past 6 months. Revenue growth from the last financial year stood is estimated to be 349.29%.
2 analysts offering their estimates for the company have set an average revenue estimate of 7.72M for the current quarter. 2 have an estimated revenue figure of 29.9M for the next ending quarter.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -51.88% -47.70% over the past 5 years.
RCAT Dividends
Red Cat Holdings Inc is expected to release its next earnings report on 2025-May-14 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Red Cat Holdings Inc (NASDAQ:RCAT)’s Major holders
Insiders own 13.77% of the company shares, while shares held by institutions stand at 18.67% with a share float percentage of 21.64%. Investors are also buoyed by the number of investors in a company, with Red Cat Holdings Inc having a total of 137.0 institutions that hold shares in the company. The top two institutional holders are AIGH CAPITAL MANAGEMENT LLC with over 4.92 million shares worth more than $5.66 million. As of 2024-06-30, AIGH CAPITAL MANAGEMENT LLC held 6.6048% of shares outstanding.
The other major institutional holder is AWM INVESTMENT COMPANY, INC., with the holding of over 4.47 million shares as of 2024-06-30. The firm’s total holdings are worth over $5.14 million and represent 6.0033% of shares outstanding.
