In the past week, RCAT stock has gone up by 17.57%, with a monthly gain of 11.86% and a quarterly surge of 39.32%. The volatility ratio for the week is 9.79%, and the volatility levels for the last 30 days are 8.89% for Red Cat Holdings Inc The simple moving average for the last 20 days is 21.12% for RCAT stock, with a simple moving average of 120.99% for the last 200 days.
Is It Worth Investing in Red Cat Holdings Inc (NASDAQ: RCAT) Right Now?
Additionally, the 36-month beta value for RCAT is -0.30. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 1 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
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The public float for RCAT is 58.10M and currently, short sellers hold a 8.81% ratio of that float. The average trading volume of RCAT on November 13, 2024 was 1.44M shares.
RCAT) stock’s latest price update
The stock of Red Cat Holdings Inc (NASDAQ: RCAT) has decreased by -1.39 when compared to last closing price of 3.97. Despite this, the company has experienced a 17.57% gain in its stock price over the last five trading sessions. seekingalpha.com reported 2024-11-03 that Red Cat Holdings’ biggest growth driver relies on landing the US Army’s SRR T2 contract, which could increase revenue by up to $79 million in the next year. The company projects 2025 revenue between $50-$55 million even without the SRR T2 contract, which is a significant increase from the TTM revenue of $18.9 million. Since joining the Russell Microcap Index, RCAT’s visibility has jumped, pushing its share price up over 100% as new institutional investors discovered the company.
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 26.99% 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 -1.88% of loss for the given period.
Volatility was left at 8.89%, however, over the last 30 days, the volatility rate increased by 9.79%, as shares surge +22.34% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +43.41% upper at present.
During the last 5 trading sessions, RCAT rose by +17.57%, which changed the moving average for the period of 200-days by +481.64% in comparison to the 20-day moving average, which settled at $3.23. In addition, Red Cat Holdings Inc saw 344.89% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for RCAT
Current profitability levels for the company are sitting at:
- -1.16 for the present operating margin
- 0.16 for the gross margin
The net margin for Red Cat Holdings Inc stands at -1.63. The total capital return value is set at -0.65. Equity return is now at value -68.83, with -61.61 for asset returns.
Based on Red Cat Holdings Inc (RCAT), the company’s capital structure generated 0.06 points at debt to capital in total, while cash flow to debt ratio is standing at -6.59. The debt to equity ratio resting at 0.06. The interest coverage ratio of the stock is -984.48.
Currently, EBITDA for the company is -16.04 million with net debt to EBITDA at 0.35. When we switch over and look at the enterprise to sales, we see a ratio of 15.47. The receivables turnover for the company is 27.67for trailing twelve months and the total asset turnover is 0.5. The liquidity ratio also appears to be rather interesting for investors as it stands at 5.08.
Conclusion
In conclusion, Red Cat Holdings Inc (RCAT) has seen better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it 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.
