Red Cat Holdings Inc (NASDAQ: RCAT) on Monday, plunged -5.71% from the previous trading day, before settling in for the closing price of $3.15. Within the past 52 weeks, RCAT’s price has moved between $0.52 and $3.94.
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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%. The company achieved an average annual earnings per share of 56.25%. With a float of $58.10 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 16.02%, operating margin of -115.84%, and the pretax margin is -150.41%.
Red Cat Holdings Inc (RCAT) Insider Activity
Observing investor behavior towards Computer Hardware industry stocks is more important than anything else. The insider ownership of Red Cat Holdings Inc is 22.95%, while institutional ownership is 16.53%.
Red Cat Holdings Inc (RCAT) Earnings and Forecasts
As on 7/31/2024, 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 -0.07) by -0.03. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.05 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 56.25% 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 2.60 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 11.88.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.46, 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 0.88 million, its volume of 1.61 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 10.26%. Additionally, its Average True Range was 0.33.
During the past 100 days, Red Cat Holdings Inc’s (RCAT) raw stochastic average was set at 69.11%, which indicates a significant increase from 9.35% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 100.19% in the past 14 days, which was lower than the 105.66% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $2.97, while its 200-day Moving Average is $1.56. Nevertheless, the first resistance level for the watch stands at $3.13 in the near term. At $3.29, the stock is likely to face the second major resistance level. The third major resistance level sits at $3.41. If the price goes on to break the first support level at $2.85, it is likely to go to the next support level at $2.73. Should the price break the second support level, the third support level stands at $2.57.
Red Cat Holdings Inc (NASDAQ: RCAT) Key Stats
Market capitalization of the company is 223.97 million based on 74,282K outstanding shares. Right now, sales total 17,840 K and income totals -24,050 K. The company made 2,780 K in profit during its latest quarter, and -12,420 K in sales during its previous quarter.
