RCAT has 36-month beta value of -0.26. Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for RCAT is 51.91M, and currently, short sellers hold a 0.58% ratio of that float. The average trading volume of RCAT on May 06, 2024 was 591.05K shares.
RCAT) stock’s latest price update
The stock of Red Cat Holdings Inc (NASDAQ: RCAT) has decreased by -19.86 when compared to last closing price of 1.41.Despite this, the company has seen a loss of -18.71% in its stock price over the last five trading days. InvestorPlace reported 2024-05-02 that The Nasdaq declined over 2% on Tuesday, and if the momentum keeps going, we could see the tech index below 15,000 points. This turbulence makes investors wonder if the bear has awaked from its slumber, but there still are hypergrowth stocks to buy out there.
RCAT’s Market Performance
Red Cat Holdings Inc (RCAT) has experienced a -18.71% fall in stock performance for the past week, with a 37.97% rise in the past month, and a 74.30% rise in the past quarter. The volatility ratio for the week is 18.21%, and the volatility levels for the past 30 days are at 18.55% for RCAT. The simple moving average for the past 20 days is -4.22% for RCAT’s stock, with a 27.29% simple moving average for the past 200 days.
RCAT Trading at 20.88% from the 50-Day Moving Average
After a stumble in the market that brought RCAT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -31.52% of loss for the given period.
Volatility was left at 18.55%, however, over the last 30 days, the volatility rate increased by 18.21%, as shares surge +44.69% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +59.15% upper at present.
During the last 5 trading sessions, RCAT fell by -18.71%, which changed the moving average for the period of 200-days by +5.61% in comparison to the 20-day moving average, which settled at $1.1973. In addition, Red Cat Holdings Inc saw 28.41% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at RCAT starting from Evans Allan Thomas, who purchase 10,000 shares at the price of $0.96 back on Sep 27 ’23. After this action, Evans Allan Thomas now owns 1,443,945 shares of Red Cat Holdings Inc, valued at $9,650 using the latest closing price.
Stock Fundamentals for RCAT
Current profitability levels for the company are sitting at:
- -1.83 for the present operating margin
- 0.11 for the gross margin
The net margin for Red Cat Holdings Inc stands at -2.06. The total capital return value is set at -0.5. Equity return is now at value -45.79, with -41.46 for asset returns.
Based on Red Cat Holdings Inc (RCAT), the company’s capital structure generated 0.03 points at debt to capital in total, while cash flow to debt ratio is standing at -16.81. The debt to equity ratio resting at 0.03. The interest coverage ratio of the stock is -305.87.
Currently, EBITDA for the company is -24.33 million with net debt to EBITDA at 0.29. When we switch over and look at the enterprise to sales, we see a ratio of 5.65. The receivables turnover for the company is 2.38for trailing twelve months and the total asset turnover is 0.25. The liquidity ratio also appears to be rather interesting for investors as it stands at 5.34.
Conclusion
To put it simply, Red Cat Holdings Inc (RCAT) has had a better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
