Moreover, the 36-month beta value for RCAT is -0.35. Analysts have varying opinions on the stock, with 1 analysts rating it as a “buy,” 1 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for RCAT is 57.87M and currently, short sellers hold a 5.54% of that float. On September 19, 2024, RCAT’s average trading volume was 1.12M shares.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
RCAT) stock’s latest price update
The stock price of Red Cat Holdings Inc (NASDAQ: RCAT) has plunged by -4.14 when compared to previous closing price of 2.90, but the company has seen a -2.80% decline in its stock price over the last five trading sessions. globenewswire.com reported 2024-09-17 that SANTA MONICA, Calif., Sept. 17, 2024 (GLOBE NEWSWIRE) — FlightWave Aerospace, a leading innovator in unmanned aerial systems (UAS), today announced it has secured a $1.9 million award through the U.S. Air Force’s Tactical Funding Increase (TACFI) program. Following the recent acquisition of FlightWave by Red Cat Holdings, Inc. (Nasdaq: RCAT), the company will use the funding to support critical enhancements to the Edge 130 Vertical Takeoff and Landing (VTOL) system, now a part of Red Cat’s family of low-cost, portable unmanned reconnaissance and precision lethal strike systems.
RCAT’s Market Performance
Red Cat Holdings Inc (RCAT) has seen a -2.80% fall in stock performance for the week, with a -7.33% decline in the past month and a 175.25% surge in the past quarter. The volatility ratio for the week is 6.82%, and the volatility levels for the past 30 days are at 8.17% for RCAT. The simple moving average for the last 20 days is -5.18% for RCAT stock, with a simple moving average of 115.41% for the last 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 12.43% 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 -14.98% of loss for the given period.
Volatility was left at 8.17%, however, over the last 30 days, the volatility rate increased by 6.82%, as shares sank -6.34% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +102.25% upper at present.
During the last 5 trading sessions, RCAT fell by -2.41%, which changed the moving average for the period of 200-days by +214.42% in comparison to the 20-day moving average, which settled at $2.92. In addition, Red Cat Holdings Inc saw 215.91% 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 11.46. 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 wrap up, the performance of Red Cat Holdings Inc (RCAT) has been mixed in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
