The trading price of Red Cat Holdings Inc (NASDAQ:RCAT) closed lower on Monday, April 14, and closing at $5.96, -3.25% lower than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $5.83 and $6.42. 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 $0.80. Over the past month, the stock has gained 5.30% in value.
Red Cat Holdings Inc, whose market valuation is $510.47 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. Analysts have predicted the quarterly earnings per share to grow by -0.1 per share this quarter, however they have predicted annual earnings per share of -0.2 for current year and 0.09 for next year.
Analysts have forecast the company to bring in revenue of 2.4M for the current quarter, with the likely lows of 2M and highs of 2.8M. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 80.17M.
On the technical side, indicators suggest RCAT has a 50% Sell 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 -2.44% off the SMA20 and -13.66% off the SMA50. The RSI metric on the 14-day chart is currently showing 46.82, and weekly volatility stands at 17.37%. When measured over the past 30 days, the indicator reaches 12.87%. Red Cat Holdings Inc (NASDAQ:RCAT)’s beta value is currently sitting at 0.62, while the Average True Range indicator is currently displaying 0.90.
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 -3.25% in the latest trading, and 569.66% 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 6.50 million. However, this figure has increased over the past 10 days to an average of 6.04.
Currently, records show that 78.03 million of the company’s shares remain outstanding. The insiders hold 21.23% of outstanding shares, whereas institutions hold 35.26%. The stats also highlight that short interest as of 2025-03-31, stood at 9.83 million shares, resulting in a short ratio of 2.38 at that time. From this, we can conclude that short interest is 1351.00 of the company’s total outstanding shares. It is noteworthy that short shares in March were down slightly from the previous month’s figure, which was 14.52 million. However, since the stock’s price has seen -53.62% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
