On Tuesday, Red Cat Holdings Inc (NASDAQ: RCAT) opened lower -0.32% from the last session, before settling in for the closing price of $3.12. Price fluctuations for RCAT have ranged from $0.52 to $3.27 over the past 52 weeks.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Technology sector was 356.04%. Company’s average yearly earnings per share was noted 70.00% at the time writing. With a float of $50.73 million, this company’s outstanding shares have now reached $74.29 million.
Considering the fact that the conglomerate employs 89 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 20.64%, operating margin of -107.3%, and the pretax margin is -120.69%.
Red Cat Holdings Inc (RCAT) Breakdown of a Key Holders of the stock
A key investor’s attitude towards the stock of the Computer Hardware industry is another important factor to consider. The insider ownership of Red Cat Holdings Inc is 32.00%, while institutional ownership is 16.69%. 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
If we go through the results of last quarter, which was made public on 4/30/2024, the company posted -0.11 earnings per share (EPS) for the quarter, besting the agreed prediction (set at -0.11) by 0. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.06 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 70.00% per share during the next fiscal year.
Red Cat Holdings Inc (NASDAQ: RCAT) Trading Performance Indicators
Check out the current performance indicators for Red Cat Holdings Inc (RCAT). In the past quarter, the stock posted a quick ratio of 3.94. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 13.00.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.40, a number that is poised to hit -0.08 in the next quarter
Technical Analysis of Red Cat Holdings Inc (RCAT)
Compared to the last year’s volume of 0.71 million, its volume of 1.08 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 80.98%. Additionally, its Average True Range was 0.25.
During the past 100 days, Red Cat Holdings Inc’s (RCAT) raw stochastic average was set at 93.57%, which indicates a significant increase from 88.70% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 88.97% in the past 14 days, which was lower than the 123.73% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $1.95, while its 200-day Moving Average is $1.14. Nevertheless, the first resistance level for the watch stands at $3.21 in the near term. At $3.30, the stock is likely to face the second major resistance level. The third major resistance level sits at $3.43. If the price goes on to break the first support level at $2.99, it is likely to go to the next support level at $2.86. Now, if the price goes above the second support level, the third support stands at $2.77.
Red Cat Holdings Inc (NASDAQ: RCAT) Key Stats
There are currently 74,282K shares outstanding in the company with a market cap of 232.01 million. Presently, the company’s annual sales total 17,840 K according to its annual income of -24,050 K. Last quarter, the company’s sales amounted to 6,310 K and its income totaled -7,070 K.
