Red Cat Holdings Inc (NASDAQ:RCAT) shares, rose in value on Wednesday, April 16, with the stock price down by -9.60% to the previous day’s close as strong demand from buyers drove the stock to $5.18.
Actively observing the price movement in the last trading, the stock closed the session at $5.73, falling within a range of $4.97 and $5.57. The value of beta (5-year monthly) was 0.425. Referring to stock’s 52-week performance, its high was $15.27, and the low was $0.80. On the whole, RCAT has fluctuated by 0.58% over the past month.
With the market capitalization of Red Cat Holdings Inc currently standing at about $468.82 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2024-Dec-15.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 80.17M, with a low estimate of 2M and a high estimate of 2.8M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 2.4M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that RCAT’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of Hold while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the price of RCAT currently trading nearly -15.45% and -23.19% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 41.18, while the 7-day volatility ratio is showing 13.61% which for the 30-day chart, stands at 12.82%. Furthermore, Red Cat Holdings Inc (RCAT)’s beta value is 0.65, and its average true range (ATR) is 0.85.
A comparison of Red Cat Holdings Inc (RCAT) with its peers suggests the former has fared considerably weaker in the market. RCAT showed an intraday change of -9.60% in last session, and over the past year, it grew by 445.26%%.
Data on historical trading for Red Cat Holdings Inc (NASDAQ:RCAT) indicates that the trading volumes over the past 10 days have averaged 5.76 and over the past 3 months, they’ve averaged 6.29 million. According to company’s latest data on outstanding shares, there are 78.03 million shares outstanding.
Nearly 21.23% of Red Cat Holdings Inc’s shares belong to company insiders and institutional investors own 35.26% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 9.83 million shares as on 2025-03-31, resulting in a short ratio of 2.38. According to the data, the short interest in Red Cat Holdings Inc (RCAT) stood at 1351.00 of shares outstanding as of 2025-03-31; the number of short shares registered in 2025-02-28 reached 14.52 million. The stock has fallen by -59.69% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the RCAT stock heading into the next quarter.
