Red Cat Holdings Inc (NASDAQ:RCAT) does about 821.99K shares in volume on a normal day but saw 2495969 shares change hands in the recent trading day. The company now has a market cap of 185.01M USD. Its current market price is $2.48, marking an increase of 22.77% compared to the previous close of $2.02. The 52 week high reached by this stock is $2.47 whilst the lowest price level in 52 weeks is $0.52.
Red Cat Holdings Inc (RCAT) has a 20-day trading average at $2.03 and the current price is 0.20% off the 52-week high compared with 372.38% distance from its 52-week low. The 50-day simple moving average of the closing price is $1.47 and its 200-day simple moving average is $1.02. If we look at the stock’s price movements over the week, volatility stands at 16.14%, which decreases to 15.46% 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 70.63 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 44.89% 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 27.18% over the week and 54.04% over the past month. Its price is 181.82% year-to-date and 153.06% over the past year.
To reach the target analysts have set, the stock logically needs to grow 44.89 percent from here.
The company has a return on investment of -53.59% and return on equity of -43.85%. The beta has a value of -0.39. Price to book ratio is 4.23 and price to sales ratio is 10.37.
