Red Cat Holdings Inc (NASDAQ:RCAT) currently has a daily average trading volume of 1.73M but it saw 19185380 shares traded in last market. With a market cap of 480.36M USD, the company’s current market price of $6.37 came rising about 34.39 while comparing to the previous closing price of $4.74. In past 52 weeks, the stock remained buoying in the range of price level as high as $5.62 and as low as $0.52. In the recent trading on the day, stock has struck highest price mark of $5.6199 while lowest mark touched by it was $6.9.
Taking a look at 20-day trading activity of Red Cat Holdings Inc (RCAT) gives us an average price of $3.73, while its current price level is 13.35% below from 52-week high level whereas it is 1113.33% 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 $3.31 while that of 200 days or SMA-200 reads an average of $1.88. A closer look into the stock’s movement over the week reveals that its volatility is standing at 15.39% during that period while stretching the period over a month that decreases to 10.43%. 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 83.34 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 66.75% up while it is 123.51% when we observe its performance for the past one month. Year-to-date it is 623.86% up and over the past year, the stock is showing an upside performance of 608.09%.
Currently, Red Cat Holdings Inc’s total number of outstanding shares is 74.29M. Company’s return on investment (ROI) stands at -90.91% and return on equity (ROE) at -68.83%. It has a 79.62 of forward P/E ratio. Stock’s beta reads -0.28. Stock has a price to book (P/B) ratio of 14.70 while price to sale or P/S ratio amounts to 25.47. Its return on asset (ROA) is -61.61% on average.
