Red Cat Holdings Inc (NASDAQ:RCAT) does about 2.22M shares in volume on a normal day but saw 17514286 shares change hands in the recent trading day. The company now has a market cap of 831.78M USD. Its current market price is $8.97, marking an increase of 22.88% compared to the previous close of $7.30. The 52 week high reached by this stock is $7.86 whilst the lowest price level in 52 weeks is $0.52.
Red Cat Holdings Inc (RCAT) has a 20-day trading average at $4.27 and the current price is 14.12% off the 52-week high compared with 1608.57% distance from its 52-week low. The 50-day simple moving average of the closing price is $3.51 and its 200-day simple moving average is $1.95. If we look at the stock’s price movements over the week, volatility stands at 20.30%, which decreases to 12.00% 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 90.30 to suggest the stock is overbought.
The consensus objective for the share price is $10.50, suggesting that the stock has a potential upside of 14.57% 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.
The current price level is 110.07%, 155.45%, and 359.07% away from its SMA20, SMA50, and SMA200 respectively, with the RCAT price moving below the 50-day SMA on current market day. Red Cat Holdings Inc (RCAT) stock is up 90.85% over the week and 229.78% over the past month. Its price is 919.32% year-to-date and 907.87% over the past year.
The stock last released its quarterly earnings report for quarter ended 7/31/2024, with the company’s earnings per share (EPS) of -0.1 below consensus estimates by -0.03. The company’s next earnings report forecasts estimating quarterly EPS at -0.09 and -0.39 for whole year. Expected sales for next quarter are $8.07M, which analysts say will come at $59.43M for the current fiscal year and next year at $105.57M. In addition, estimates put the company’s current quarterly revenue at an average of $4.13M.
To reach the target analysts have set, the stock logically needs to grow 14.57 percent from here.
Outstanding shares total 74.29M with insiders holding 21.20% of the shares and institutional holders owning 17.81% of the company’s common stock. The company has a return on investment of -90.91% and return on equity of -68.83%. The forward price to earnings ratio is 112.13. The beta has a value of -0.11. Price to book ratio is 20.70 and price to sales ratio is 44.10.
