Red Cat Holdings Inc (NASDAQ:RCAT) traded at $8.97 at close of the session on current trade day and made an upward move of 22.88% on its previous day’s price.
Looking at the stock we see that its previous close was $7.30 and the beta (5Y monthly) reads -0.384 with the day’s price range being $7.6 – $9.6. In terms of its 52-week price range, RCAT has a high of $7.86 and a low of $0.52. The company’s stock has gained about 229.78% over that past 30 days.
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Red Cat Holdings Inc has a market cap of $831.78 million and is expected to release its quarterly earnings report in December. Estimates by analysts give the company expected earnings per share (EPS) of -0.09, with the EPS growth for the year raised at -0.39 for current year and -0.39 for next year.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at 4.13M, with a low of 4.13M and a high of 4.13M. The median projection represents growth squeezing down to 4.99% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for current year is expected to hit 59.43M, or 233.18% up from figures reported last year.
On the other hand, looking at the outlook for the RCAT stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of 100% Buy.
Looking further, we note the current price level is 110.07% off its SMA20 and 155.45% from its 50-day simple moving average. The RSI (14) is pointing at 90.30 while the volatility over the past week is 20.30% and jumps to 12.00% over the past one month. The beta value is -0.11, while the average true range (ATR) is currently pointing at 0.73.
Coming back to Red Cat Holdings Inc (NASDAQ:RCAT), we note that the average 3-month trading volume was 2.22 million, while that of the preceding 10-day period stands at 7.97 million. Current shares outstanding are 74.29 million.
The insiders hold 24.36% of the company’s shares while institutions hold 20.85%. The data shows that short shares as of 2024-10-31, stood at 5.12 million at a short ratio of 3.13. This represents a 820.00 short interest in shares outstanding on 2024-10-31. Shares short fall in October from the previous month at 5.77 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 919.32% up in year-to-date price movement.
