Is Red Cat Holdings Inc (RCAT) a good stock to buy now?

Red Cat Holdings Inc (NASDAQ: RCAT) is 992.05% higher on its value in year-to-date trading and has touched a low of $0.52 and a high of $9.60 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 $8.97 in the last trading session, with the day’s gains setting it 0.64%.

Currently trading at $9.61, the stock is 109.03% and 163.66% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 13.56 million and changing 7.13% at the moment leaves the stock 380.85% off its SMA200. RCAT registered 990.81% gain for a year compared to 6-month gain of 870.51%. The firm has a 50-day simple moving average (SMA 50) of $3.5114 and a 200-day simple moving average (SMA200) of $1.953975.

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The stock witnessed a 257.25% loss in the last 1 month and extending the period to 3 months gives it a 209.00%, and is 96.12% 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 21.01% over the week and 12.77% over the month.

Red Cat Holdings Inc (RCAT) has around 89 employees, a market worth around $725.22M and $18.86M in sales. Fwd P/E is 120.12. Profit margin for the company is -162.52%. Distance from 52-week low is 1730.48% and 0.10% from its 52-week high. The company has generated returns on investments over the last 12 months (-90.91%).

with sales reaching $4.13M over the same period.The EPS is expected to grow by 66.25% this year, but quarterly earnings will post 233.18% year-over-year. Quarterly sales are estimated to grow 4.99% in year-over-year returns.

Red Cat Holdings Inc (RCAT) Top Institutional Holders

65.0 institutions hold shares in Red Cat Holdings Inc (RCAT), with institutional investors hold 22.60% of the company’s shares. The shares outstanding are 74.29M, and float is at 57.08M with Short Float at 8.97%. Institutions hold 17.81% of the Float.

The top institutional shareholder in the company is AIGH CAPITAL MANAGEMENT LLC with over 4.92 million shares valued at $5.66 million. The investor’s holdings represent 8.836% of the RCAT Shares outstanding. As of 2024-06-30, the second largest holder is AWM INVESTMENT COMPANY, INC. with 4.47 million shares valued at $5.14 million to account for 8.0313 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 1.42 million shares representing 2.5506% and valued at over $1.63 million, while BLEICHROEDER LP holds 1.7957 of the shares totaling 1.0 million with a market value of $1.15 million.