Red Cat Holdings Inc (NASDAQ:RCAT) price on Wednesday, November 13, fall -3.78% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $3.82.
A look at the stock’s price movement, the close in the last trading session was $3.97, moving within a range at $3.81 and $4.215. The beta value (5-Year monthly) was -0.384. Turning to its 52-week performance, $3.99 and $0.52 were the 52-week high and 52-week low respectively. Overall, RCAT moved 9.14% over the past month.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Red Cat Holdings Inc’s market cap currently stands at around $288.06 million, with investors looking forward to this quarter’s earnings report slated for in December.
Turning to the stock’s technical picture we see that short term indicators suggest on average that RCAT is a 100% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
RCAT’s current price about 18.36% and 23.99% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 63.30, while 7-day volatility ratio is 10.55% and 8.78% in the 30-day chart. Further, Red Cat Holdings Inc (RCAT) has a beta value of -0.30, and an average true range (ATR) of 0.31.
If we refocus on Red Cat Holdings Inc (NASDAQ:RCAT), historical trading data shows that trading volumes averaged 1.09 over the past 10 days and 1.44 million over the past 3 months. The company’s latest data on shares outstanding shows there are 74.29 million shares.
The 22.95% of Red Cat Holdings Inc’s shares are in the hands of company insiders while institutional holders own 16.60% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 5.12 million on 2024-10-31, giving us a short ratio of 3.13. The data shows that as of 2024-10-31 short interest in Red Cat Holdings Inc (RCAT) stood at 819.99995 of shares outstanding, with shares short falling to 5.77 million registered in 2024-09-30. Current price change has pushed the stock 334.09% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the RCAT stock continues to rise going into the next quarter.
