Red Cat Holdings Inc (NASDAQ:RCAT) does about 3.12M shares in volume on a normal day but saw 11266645 shares change hands in the recent trading day. The company now has a market cap of 1.01B USD. Its current market price is $10.56, marking a decrease of -10.24% compared to the previous close of $11.77. The 52 week high reached by this stock is $11.88 whilst the lowest price level in 52 weeks is $0.52.
Red Cat Holdings Inc (RCAT) has a 20-day trading average at $5.97 and the current price is -11.07% off the 52-week high compared with 1912.38% distance from its 52-week low. The 50-day simple moving average of the closing price is $4.21 and its 200-day simple moving average is $2.19. If we look at the stock’s price movements over the week, volatility stands at 19.74%, which decreases to 14.72% 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 73.82 to suggest the stock is overbought.
The consensus objective for the share price is $10.50, suggesting that the stock has a potential downside of -0.57% 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 77.05%, 151.06%, and 383.51% 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 17.78% over the week and 245.26% over the past month. Its price is 1100.57% year-to-date and 1093.92% 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 shrink -0.57 percent from here.
Outstanding shares total 74.89M with insiders holding 21.19% of the shares and institutional holders owning 17.75% 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 132.06. The beta has a value of 0.42. Price to book ratio is 24.38 and price to sales ratio is 53.68.
