Red Cat Holdings Inc (NASDAQ: RCAT)’s stock price has decreased by -1.28 compared to its previous closing price of 3.12. However, the company has seen a 2.67% increase in its stock price over the last five trading sessions. seekingalpha.com reported 2024-08-10 that Red Cat Holdings, Inc. (NASDAQ:RCAT ) Q4 2024 Earnings Conference Call August 8, 2024 6:00 PM ET Company Participants Jeff Thompson – Chairman of the Board, Chief Executive Officer and President Leah Lunger – Chief Financial Officer Conference Call Participants Ashok Kumar – ThinkEquity Glenn Mattson – Ladenburg Thalmann Carlo Corzine – Dawson James Securities Operator Ladies and gentlemen, thank you for standing by. Good afternoon, and welcome to the Red Cat Holdings Fiscal 2024 Annual Financial Results and Corporate Update Conference Call.
Is It Worth Investing in Red Cat Holdings Inc (NASDAQ: RCAT) Right Now?
The stock has a 36-month beta value of -0.40. Opinions on the stock are mixed, with 1 analysts rating it as a “buy,” 1 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for RCAT is 50.73M, and at present, short sellers hold a 6.36% of that float. On August 27, 2024, the average trading volume of RCAT was 1.01M shares.
RCAT’s Market Performance
The stock of Red Cat Holdings Inc (RCAT) has seen a 2.67% increase in the past week, with a 39.37% rise in the past month, and a 211.05% gain in the past quarter. The volatility ratio for the week is 7.32%, and the volatility levels for the past 30 days are at 12.08% for RCAT. The simple moving average for the past 20 days is 21.70% for RCAT’s stock, with a 172.46% simple moving average for the past 200 days.
Analysts’ Opinion of RCAT
Many brokerage firms have already submitted their reports for RCAT stocks, with Ladenburg Thalmann repeating the rating for RCAT by listing it as a “Buy.” The predicted price for RCAT in the upcoming period, according to Ladenburg Thalmann is $4 based on the research report published on June 14, 2024 of the current year 2024.
RCAT Trading at 61.50% 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 -5.81% of loss for the given period.
Volatility was left at 12.08%, however, over the last 30 days, the volatility rate increased by 7.32%, as shares surge +53.07% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +199.52% upper at present.
During the last 5 trading sessions, RCAT rose by +3.83%, which changed the moving average for the period of 200-days by +231.38% in comparison to the 20-day moving average, which settled at $2.58. In addition, Red Cat Holdings Inc saw 250.00% 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:
- -1.07 for the present operating margin
- 0.21 for the gross margin
The net margin for Red Cat Holdings Inc stands at -1.35. The total capital return value is set at -0.43. Equity return is now at value -43.85, with -39.60 for asset returns.
Based on Red Cat Holdings Inc (RCAT), the company’s capital structure generated 0.05 points at debt to capital in total, while cash flow to debt ratio is standing at -8.03. The debt to equity ratio resting at 0.05. The interest coverage ratio of the stock is -278.96.
Currently, EBITDA for the company is -16.04 million with net debt to EBITDA at 0.21. When we switch over and look at the enterprise to sales, we see a ratio of 12.5. The receivables turnover for the company is 2.74for trailing twelve months and the total asset turnover is 0.37. The liquidity ratio also appears to be rather interesting for investors as it stands at 6.13.
Conclusion
To sum up, Red Cat Holdings Inc (RCAT) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
