The trading price of Red Cat Holdings Inc (NASDAQ:RCAT) closed lower on Monday, February 10, and closing at $10.75, -0.09% lower than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $10.01 and $11.1999. In examining the 52-week price action we see that the stock hit a 52-week high of $15.27 and a 52-week low of $0.57. Over the past month, the stock has lost -9.13% in value.
Red Cat Holdings Inc, whose market valuation is $861.73 million at the time of this writing, is expected to release its quarterly earnings report in March. Investors’ optimism about the company’s current quarter earnings report is understandable.
On the technical side, indicators suggest RCAT has a 50% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.
A quick review shows that RCAT’s price is currently 14.74% off the SMA20 and 8.00% off the SMA50. The RSI metric on the 14-day chart is currently showing 56.12, and weekly volatility stands at 10.97%. When measured over the past 30 days, the indicator reaches 13.00%. Red Cat Holdings Inc (NASDAQ:RCAT)’s beta value is currently sitting at 0.41, while the Average True Range indicator is currently displaying 1.33.
To see how Red Cat Holdings Inc stock has been performing in comparison to its peers in the industry, here are the numbers: RCAT stock’s performance was -0.09% in the latest trading, and 1763.08% in the past year.
An evaluation of the daily trading volume of Red Cat Holdings Inc (NASDAQ:RCAT) indicates that the 3-month average is 10.66 million. However, this figure has increased over the past 10 days to an average of 8.37.
Currently, records show that 78.03 million of the company’s shares remain outstanding. The insiders hold 22.72% of outstanding shares, whereas institutions hold 13.74%. The stats also highlight that short interest as of 2024-11-29, stood at 6.88 million shares, resulting in a short ratio of 1.18 at that time. From this, we can conclude that short interest is 1100.00 of the company’s total outstanding shares. It is noteworthy that short shares in November were up slightly from the previous month’s figure, which was 5.12 million. However, since the stock’s price has seen -16.34% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
