Red Cat Holdings Inc (NASDAQ: RCAT) is 56.82% higher on its value in year-to-date trading and has touched a low of $0.52 and a high of $1.65 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The RCAT stock was last observed hovering at around $1.29 in the last trading session, with the day’s gains setting it 0.09%.
Currently trading at $1.38, the stock is 27.45% and 24.26% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.33 million and changing 6.98% at the moment leaves the stock 52.60% off its SMA200. RCAT registered 18.97% gain for a year compared to 6-month loss of 68.27%.
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The stock witnessed a 70.20% gain in the last 1 month and extending the period to 3 months gives it a 65.07%, and is 17.95% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 9.77% over the week and 11.34% over the month.
Red Cat Holdings Inc (RCAT) has around 76 employees, a market worth around $102.51M and $13.73M in sales. Profit margin for the company is -206.42%. Distance from 52-week low is 162.86% and -16.36% from its 52-week high. The company has generated returns on investments over the last 12 months (-56.96%).
The EPS is expected to grow by 29.00% this year
The shares outstanding are 54.57M, and float is at 50.34M with Short Float at 4.26%.
Red Cat Holdings Inc (RCAT) Insider Activity
The most recent transaction is an insider purchase by Evans Allan Thomas, the company’s COO, Red Cat Holdings, Inc. SEC filings show that Evans Allan Thomas bought 10,000 shares of the company’s common stock on Sep 27 ’23 at a price of $0.96 per share for a total of $9650.0. Following the purchase, the insider now owns 1.44 million shares.
