Red Cat Holdings Inc (NASDAQ: RCAT) on Monday, soared 16.07% from the previous trading day, before settling in for the closing price of $1.12. Within the past 52 weeks, RCAT’s price has moved between $0.52 and $1.50.
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During the last 5-year period, the sales growth of Technology Sector giant was 406.82%. The company achieved an average annual earnings per share of 44.00%. With a float of $51.91 million, this company’s outstanding shares have now reached $54.57 million.
Let’s determine the extent of company efficiency that accounts for 76 employees.
Red Cat Holdings Inc (RCAT) Breakdown of a Key Holders of the stock
Observing investor behavior towards Computer Hardware industry stocks is more important than anything else. The insider ownership of Red Cat Holdings Inc is 30.12%, while institutional ownership is 20.53%. The most recent insider transaction that took place on Sep 27 ’23, was worth 9,650. In this transaction COO, Red Cat Holdings, Inc. of this company bought 10,000 shares at a rate of $0.96, taking the stock ownership to the 1,443,945 shares.
Red Cat Holdings Inc (RCAT) Recent Fiscal highlights
As on 1/31/2024, Multinational firm has announced its last quarter scores, in which it reported -$0.1 earnings per share (EPS) for the period falling under the consensus outlook (set at -$0.04) by -$0.06. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 44.00% per share during the next fiscal year.
Red Cat Holdings Inc (NASDAQ: RCAT) Trading Performance Indicators
Red Cat Holdings Inc (RCAT) is currently performing well based on its current performance indicators. A quick ratio of 3.61 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 7.03.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.51, a number that is poised to hit -0.03 in the next quarter and is forecasted to reach -0.12 in one year’s time.
Technical Analysis of Red Cat Holdings Inc (RCAT)
Looking closely at Red Cat Holdings Inc (NASDAQ: RCAT), its last 5-days average volume was 2.21 million, which is a jump from its year-to-date volume of 0.36 million. As of the previous 9 days, the stock’s Stochastic %D was 50.68%. Additionally, its Average True Range was 0.14.
During the past 100 days, Red Cat Holdings Inc’s (RCAT) raw stochastic average was set at 79.49%, which indicates a significant increase from 72.34% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 185.57% in the past 14 days, which was higher than the 114.37% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.8134, while its 200-day Moving Average is $0.8768. However, in the short run, Red Cat Holdings Inc’s stock first resistance to watch stands at $1.3600. Second resistance stands at $1.4200. The third major resistance level sits at $1.5400. If the price goes on to break the first support level at $1.1800, it is likely to go to the next support level at $1.0600. Now, if the price goes above the second support level, the third support stands at $1.0000.
Red Cat Holdings Inc (NASDAQ: RCAT) Key Stats
Market capitalization of the company is 96.56 million based on 74,282K outstanding shares. Right now, sales total 9,910 K and income totals -27,090 K. The company made 5,850 K in profit during its latest quarter, and -5,490 K in sales during its previous quarter.
