Red Cat Holdings Inc (NASDAQ:RCAT) currently has a daily average trading volume of 905.51K but it saw 1097841 shares traded in last market. With a market cap of 204.40M USD, the company’s current market price of $2.74 came falling about -0.72 while comparing to the previous closing price of $2.76. In past 52 weeks, the stock remained buoying in the range of price level as high as $2.99 and as low as $0.52. In the recent trading on the day, stock has struck highest price mark of $2.61 while lowest mark touched by it was $2.93.
Taking a look at 20-day trading activity of Red Cat Holdings Inc (RCAT) gives us an average price of $2.16, while its current price level is -8.36% below from 52-week high level whereas it is 421.90% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $1.57 while that of 200 days or SMA-200 reads an average of $1.05. A closer look into the stock’s movement over the week reveals that its volatility is standing at 15.74% during that period while stretching the period over a month that decreases to 14.43%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 74.37 which implies that the stock is in overbought territory.
The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Ladenburg Thalmann which initiated the stock as “Buy” in its note to investors issued on June 14, 2024, recommending a price target of $4 for it.
Over the week, RCAT’s stock price is moving 41.24% up while it is 43.46% when we observe its performance for the past one month. Year-to-date it is 211.36% up and over the past year, the stock is showing an upside performance of 198.87%.
The latest quarterly earnings report issued by the company reported quarterly earnings per share (EPS) of -0.11 beat the consensus estimate of -0.11 for the same. Moreover, analysts are in estimates of $3.85M for current-quarter revenue.
Currently, Red Cat Holdings Inc’s total number of outstanding shares is 74.29M with 27.56% of that held by the insiders while 20.49% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -53.59% and return on equity (ROE) at -43.85%. Stock’s beta reads -0.47. Stock has a price to book (P/B) ratio of 4.67 while price to sale or P/S ratio amounts to 11.46. Its return on asset (ROA) is -39.60% on average.
