Analyzing Red Cat Holdings Inc (NASDAQ: RCAT)’s Stock Performance and Future Prospects

In the last trading session, 17.92 million Red Cat Holdings Inc (NASDAQ:RCAT) shares changed hands as the company’s beta touched 0.79. With the company’s per share price at $7.17 changed hands at -$0.31 or -4.14% during last session, the market valuation stood at $705.70M. RCAT’s last price was a discount, traded about -112.97% off its 52-week high of $15.27. The share price had its 52-week low at $1.06, which suggests the last value was 85.22% up since then. When we look at Red Cat Holdings Inc’s average trading volume, we note the 10-day average is 12.65 million shares, with the 3-month average coming to 6.85 million.

Red Cat Holdings Inc (NASDAQ:RCAT) trade information

Instantly RCAT was in red as seen at the end of in last trading. With action 4.37%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 576.42%, with the 5-day performance at 4.37% in the green. However, in the 30-day time frame, Red Cat Holdings Inc (NASDAQ:RCAT) is 16.97% up. Looking at the short shares, we see there were 11.44 million shares sold at short interest cover period of 1.36 days.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -47.70%. The 2025 estimates are for Red Cat Holdings Inc earnings to increase by 30.52%.

RCAT Dividends

Red Cat Holdings Inc is expected to release its next quarterly earnings report on 2025-May-14.

Red Cat Holdings Inc (NASDAQ:RCAT)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 13.77% of Red Cat Holdings Inc shares while 18.66% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 21.64%. There are 18.66% 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.

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