Red Cat Holdings Inc (NASDAQ:RCAT) price on Thursday, April 18, fall -25.35% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $1.06.
A look at the stock’s price movement, the close in the last trading session was $1.42. Turning to its 52-week performance, $1.50 and $0.52 were the 52-week high and 52-week low respectively. Overall, RCAT moved 45.21% over the past month.
Red Cat Holdings Inc’s market cap currently stands at around $78.74 million.
Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was no upward and no downward review(s). Turning to the stock’s technical picture we see that short term indicators suggest on average that RCAT is a 50% Buy. On the other hand, the stock is on average a Hold as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.
RCAT’s current price about 23.83% and 35.84% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 58.55, while 7-day volatility ratio is 28.73% and 12.22% in the 30-day chart. Further, Red Cat Holdings Inc (RCAT) has a beta value of -0.18, and an average true range (ATR) of 0.13.
If we refocus on Red Cat Holdings Inc (NASDAQ:RCAT), historical trading data shows that trading volumes averaged 314.69K over the past 3 months. The company’s latest data on shares outstanding shows there are 54.57 million shares.
The 30.12% of Red Cat Holdings Inc’s shares are in the hands of company insiders while institutional holders own 20.53% of the company’s shares. Current price change has pushed the stock 20.45% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the RCAT stock continues to rise going into the next quarter.
