A new trading day began on Monday, with Red Cat Holdings Inc (NASDAQ: RCAT) stock price up 13.75% from the previous day of trading, before settling in for the closing price of $2.69. RCAT’s price has ranged from $0.52 to $3.94 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%. Meanwhile, its annual earnings per share averaged 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) Breakdown of a Key Holders of the stock
As we move forward, let’s examine how large-scale investors are investing in this stock of the Computer Hardware Industry. The insider ownership of Red Cat Holdings Inc is 22.95%, while institutional ownership is 16.53%.
Red Cat Holdings Inc (RCAT) Recent Fiscal highlights
In its latest quarterly report, released on 7/31/2024, the company reported earnings of -0.1 per share, which was $0.1 lower than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). 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
Here are Red Cat Holdings Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 2.60. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 12.24.
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 0.89 million, its volume of 1.05 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 17.37%. Additionally, its Average True Range was 0.29.
During the past 100 days, Red Cat Holdings Inc’s (RCAT) raw stochastic average was set at 71.97%, which indicates a significant increase from 31.25% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 94.06% in the past 14 days, which was lower than the 107.59% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $2.98, while its 200-day Moving Average is $1.61. Nevertheless, the first resistance level for the watch stands at $3.16 in the near term. At $3.27, the stock is likely to face the second major resistance level. The third major resistance level sits at $3.47. 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 $2.65. Now, if the price goes above the second support level, the third support stands at $2.54.
Red Cat Holdings Inc (NASDAQ: RCAT) Key Stats
With a market capitalization of 230.75 million, the company has a total of 74,282K Shares Outstanding. Currently, annual sales are 17,840 K while annual income is -24,050 K. The company’s previous quarter sales were 2,780 K while its latest quarter income was -12,420 K.
