Red Cat Holdings Inc (NASDAQ: RCAT) is 606.93% higher on its value in year-to-date trading and has touched a low of $1.01 and a high of $15.27 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 $7.18 in the last trading session, with the day’s loss setting it -0.48%.
Currently trading at $6.70M, the stock is -4.31% and 10.65% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.35 million and changing 5349059% at the moment leaves the stock 10.08% off its SMA200. RCAT registered -44.44% loss for a year compared to 6-month loss of -12.39%. The firm has a 50-day simple moving average (SMA 50) of $6.4525 and a 200-day simple moving average (SMA200) of $6.486125.
The stock witnessed a 6.09% gain in the last 1 month and extending the period to 3 months gives it a 19.40%, and is -22.31% down 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 4.26% over the week and 8.60% over the month.
Red Cat Holdings Inc (RCAT) has around 115 employees, a market worth around $702.75M and $16.47M in sales. Fwd P/E is 73.86. Profit margin for the company is -232.64%. Distance from 52-week low is 606.93% and -53.25% from its 52-week high. The company has generated returns on investments over the last 12 months (-124.59%).
The EPS is expected to grow by 30.52% this year.
Red Cat Holdings Inc (RCAT) Top Institutional Holders
137.0 institutions hold shares in Red Cat Holdings Inc (RCAT), with institutional investors hold 21.64% of the company’s shares. The shares outstanding are 85.65M, and float is at 78.43M with Short Float at 14.62%. Institutions hold 18.67% 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 6.6048% 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 6.0033 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 1.42 million shares representing 1.9066% and valued at over $1.63 million, while BLEICHROEDER LP holds 1.3423 of the shares totaling 1.0 million with a market value of $1.15 million.
Red Cat Holdings Inc (RCAT) Insider Activity
The most recent transaction is an insider sale by Freedman Joseph David, the company’s Director. SEC filings show that Freedman Joseph David sold 25,000 shares of the company’s common stock on Dec 26 ’24 at a price of $13.61 per share for a total of $0.34 million. Following the sale, the insider now owns 0.61 million shares.
Red Cat Holdings Inc disclosed in a document filed with the SEC on Dec 30 ’24 that Freedman Joseph David (Director) sold a total of 15,000 shares of the company’s common stock. The trade occurred on Dec 30 ’24 and was made at $14.24 per share for $0.21 million. Following the transaction, the insider now directly holds 0.59 million shares of the RCAT stock.
Still, SEC filings show that on Dec 27 ’24, Freedman Joseph David (Director) disposed off 10,000 shares at an average price of $12.25 for $0.12 million. The insider now directly holds 600,190 shares of Red Cat Holdings Inc (RCAT).
