Red Cat Holdings Inc (NASDAQ:RCAT) traded at $1.25 at last check on Monday, July 01, made an upward move of 8.63% on its previous day’s price.
Looking at the stock we see that its previous close was $1.15. In terms of its 52-week price range, RCAT has a high of $1.65 and a low of $0.52. The company’s stock has gained about 23.69% over that past 30 days.
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Red Cat Holdings Inc has a market cap of $92.80 million. Estimates by analysts give the company expected earnings per share (EPS) of -$0.05, with the EPS growth for the year raised at -$0.35 for 2024 and -$0.17 for next year. These figures represent 30.00% and 51.40% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $6.64 million, with a low of $6.28 million and a high of $7 million. The median projection represents growth squeezing down to 201.10% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2024 is expected to hit $18.14 million, or 83.00% up from figures reported last year.
There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the RCAT stock, short term indicators assign the stock an average of 50% Buy, while medium term indicators assign it an average of 100% Buy. Long term indicators on average place the stock in the category of 100% Buy.
Looking further, we note the current price level is 24.52% off its SMA20 and 11.46% from its 50-day simple moving average. The RSI (14) is pointing at 63.70 while the volatility over the past week is 10.67% and jumps to 10.63% over the past one month. The beta value is -0.35, while the average true range (ATR) is currently pointing at 0.11.
Coming back to Red Cat Holdings Inc (NASDAQ:RCAT), we note that the average 3-month trading volume was 790.38K. Current shares outstanding are 54.57 million.
The insiders hold 30.86% of the company’s shares while institutions hold 18.89%. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock 41.97% up in year-to-date price movement.
