Red Cat Holdings Inc (NASDAQ:RCAT) price on Thursday, March 20, fall -3.15% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $5.23.
A look at the stock’s price movement, the close in the last trading session was $5.40, moving within a range at $5.03 and $5.48. The beta value (5-Year monthly) was 0.491. Turning to its 52-week performance, $15.27 and $0.71 were the 52-week high and 52-week low respectively. Overall, RCAT moved -40.16% over the past month.
Red Cat Holdings Inc’s market cap currently stands at around $447.78 million, with investors looking forward to this quarter’s earnings report slated for on 2024-Dec-15.
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 50% Sell. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in Hold category.
RCAT’s current price about -8.68% and -34.67% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 36.69, while 7-day volatility ratio is 9.14% and 10.19% in the 30-day chart. Further, Red Cat Holdings Inc (RCAT) has a beta value of 0.45, and an average true range (ATR) of 0.69.
If we refocus on Red Cat Holdings Inc (NASDAQ:RCAT), historical trading data shows that trading volumes averaged 3.87 over the past 10 days and 8.72 million over the past 3 months. The company’s latest data on shares outstanding shows there are 78.03 million shares.
The 21.23% of Red Cat Holdings Inc’s shares are in the hands of company insiders while institutional holders own 35.29% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 14.52 million on 2025-02-28, giving us a short ratio of 2.06. The data shows that as of 2025-02-28 short interest in Red Cat Holdings Inc (RCAT) stood at 1998.0 of shares outstanding, with shares short rising to 10.82 million registered in 2025-01-31. Current price change has pushed the stock -59.30% 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.
