Red Cat Holdings Inc (NASDAQ:RCAT) price on Thursday, December 26, rose 12.78% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $13.41.
A look at the stock’s price movement, the close in the last trading session was $11.89, moving within a range at $11.59 and $14.91. The beta value (5-Year monthly) was -0.384. Turning to its 52-week performance, $13.89 and $0.56 were the 52-week high and 52-week low respectively. Overall, RCAT moved 39.54% over the past month.
Red Cat Holdings Inc’s market cap currently stands at around $1.07 billion, with investors looking forward to this quarter’s earnings report slated for in January.
Analysts have a consensus estimate of 7.49M for the company’s revenue for the quarter, with a low and high estimate of 7.49M and 7.49M respectively. The average forecast suggests up to a 27.99% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 24.73M, representing a 38.65% jump on that reported in the last financial year.
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 42.26% and 112.69% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 70.63, while 7-day volatility ratio is 26.62% and 19.69% in the 30-day chart. Further, Red Cat Holdings Inc (RCAT) has a beta value of 0.46, and an average true range (ATR) of 1.77.
If we refocus on Red Cat Holdings Inc (NASDAQ:RCAT), historical trading data shows that trading volumes averaged 15.93 over the past 10 days and 6.04 million over the past 3 months. The company’s latest data on shares outstanding shows there are 78.03 million shares.
The 23.46% of Red Cat Holdings Inc’s shares are in the hands of company insiders while institutional holders own 12.44% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 6.88 million on 2024-11-29, giving us a short ratio of 1.18. The data shows that as of 2024-11-29 short interest in Red Cat Holdings Inc (RCAT) stood at 1100.0 of shares outstanding, with shares short rising to 5.12 million registered in 2024-10-31. Current price change has pushed the stock 1423.86% 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.
