The trading price of Red Cat Holdings Inc (NASDAQ:RCAT) closed higher on Tuesday, March 25, and closing at $6.16, 3.01% higher than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $5.9 and $6.18. 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 $0.75. Over the past month, the stock has lost -11.81% in value.
Red Cat Holdings Inc, whose market valuation is $527.40 million at the time of this writing, is expected to release its quarterly earnings report on 2024-Dec-15. Investors’ optimism about the company’s current quarter earnings report is understandable.
On the technical side, indicators suggest RCAT has a Hold on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a Hold, while an average of long term indicators suggests that the stock is currently Hold.
A quick review shows that RCAT’s price is currently 11.25% off the SMA20 and -19.56% off the SMA50. The RSI metric on the 14-day chart is currently showing 48.35, and weekly volatility stands at 6.69%. When measured over the past 30 days, the indicator reaches 9.62%. Red Cat Holdings Inc (NASDAQ:RCAT)’s beta value is currently sitting at 0.40, while the Average True Range indicator is currently displaying 0.65.
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 3.01% in the latest trading, and 761.18% 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 7.98 million. However, this figure has increased over the past 10 days to an average of 3.76.
Currently, records show that 78.03 million of the company’s shares remain outstanding. The insiders hold 21.23% of outstanding shares, whereasinstitutions hold 35.29%. The stats also highlight that short interest as of 2025-02-28, stood at 14.52 million shares, resulting in a short ratio of 2.06 at that time. From this, we can conclude that short interest is 1998.00 of the company’s total outstanding shares. It is noteworthy that short shares in February were up slightly from the previous month’s figure, which was 10.82 million. However, since the stock’s price has seen -52.06% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
