In the past week, RCAT stock has gone up by 0.64%, with a monthly gain of 5.03% and a quarterly surge of 206.86%. The volatility ratio for the week is 8.75%, and the volatility levels for the last 30 days are 8.56% for Red Cat Holdings Inc The simple moving average for the past 20 days is 7.05% for RCAT’s stock, with a 140.72% simple moving average for the past 200 days.
Is It Worth Investing in Red Cat Holdings Inc (NASDAQ: RCAT) Right Now?
Moreover, the 36-month beta value for RCAT is -0.36. 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.”
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The public float for RCAT is 57.87M and currently, short sellers hold a 5.54% of that float. On September 23, 2024, RCAT’s average trading volume was 1.12M shares.
RCAT) stock’s latest price update
The stock price of Red Cat Holdings Inc (NASDAQ: RCAT) has jumped by 10.99 compared to previous close of 2.82. Despite this, the company has seen a gain of 0.64% in its stock price over the last five trading days. 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.
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 25.12% 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 -4.28% of loss for the given period.
Volatility was left at 8.56%, however, over the last 30 days, the volatility rate increased by 8.75%, as shares sank -1.88% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +94.41% upper at present.
During the last 5 trading sessions, RCAT rose by +0.64%, which changed the moving average for the period of 200-days by +251.53% in comparison to the 20-day moving average, which settled at $2.92. In addition, Red Cat Holdings Inc saw 255.68% 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 12.98. 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 better 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.
