Red Cat Holdings Inc (NASDAQ:RCAT) does about 862.73K shares in volume on a normal day but saw 1803883 shares change hands in the recent trading day. The company now has a market cap of 169.36M USD. Its current market price is $2.28, marking a decrease of -3.39% compared to the previous close of $2.36. The 52 week high reached by this stock is $2.45 whilst the lowest price level in 52 weeks is $0.52.
Red Cat Holdings Inc (RCAT) has a 20-day trading average at $1.65 and the current price is -7.13% off the 52-week high compared with 334.29% distance from its 52-week low. The 50-day simple moving average of the closing price is $1.27 and its 200-day simple moving average is $0.97. If we look at the stock’s price movements over the week, volatility stands at 14.57%, which decreases to 13.50% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 74.96 to suggest the stock is overbought.
The consensus objective for the share price is $4.50, suggesting that the stock has a potential upside of 49.33% over the period.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on June 14, 2024 when Ladenburg Thalmann initiated the stock to “Buy” and issued a price target of $4.
Red Cat Holdings Inc (RCAT) stock is up 23.91% over the week and 113.08% over the past month. Its price is 159.09% year-to-date and 94.87% over the past year.
To reach the target analysts have set, the stock logically needs to grow 49.33 percent from here.
The company has a return on investment of -56.96% and return on equity of -45.79%. The beta has a value of -0.49. Price to book ratio is 3.41 and price to sales ratio is 12.33.
