Red Cat Holdings Inc (NASDAQ:RCAT) price on Wednesday, April 30, fall -1.38% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $5.02.
A look at the stock’s price movement, the close in the last trading session was $5.09, moving within a range at $4.79 and $5.055. The beta value (5-Year monthly) was 0.425. Turning to its 52-week performance, $15.27 and $0.80 were the 52-week high and 52-week low respectively. Overall, RCAT moved -14.63% over the past month.
Red Cat Holdings Inc’s market cap currently stands at around $454.38 million, with investors looking forward to this quarter’s earnings report slated for on 2024-Dec-15.
Analysts have a consensus estimate of 2.4M for the company’s revenue for the quarter, with a low and high estimate of 2M and 2.8M respectively. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 80.17M, representing a 349.47% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that RCAT is a 50% Sell. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
RCAT’s current price about -12.80% and -14.76% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 42.02, while 7-day volatility ratio is 5.92% and 11.90% in the 30-day chart. Further, Red Cat Holdings Inc (RCAT) has a beta value of 0.65, and an average true range (ATR) of 0.60.
If we refocus on Red Cat Holdings Inc (NASDAQ:RCAT), historical trading data shows that trading volumes averaged 3.56 over the past 10 days and 5.22 million over the past 3 months. The company’s latest data on shares outstanding shows there are 78.03 million shares.
The 21.26% of Red Cat Holdings Inc’s shares are in the hands of company insiders while institutional holders own 33.61% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 10.27 million on 2025-04-15, giving us a short ratio of 2.19. The data shows that as of 2025-04-15 short interest in Red Cat Holdings Inc (RCAT) stood at 1322.9999 of shares outstanding, with shares short rising to 8.04 million registered in 2025-03-14. Current price change has pushed the stock -60.93% 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.
