Red Cat Holdings Inc (NASDAQ: RCAT) on Friday, plunged -15.34% from the previous trading day, before settling in for the closing price of $10.10. Within the past 52 weeks, RCAT’s price has moved between $0.56 and $15.27.
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A company in the Technology sector has jumped its sales by 356.04% annually for the last half of the decade. The company achieved an average annual earnings per share of 52.50%. With a float of $61.99 million, this company’s outstanding shares have now reached $78.03 million.
In an organization with 89 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 10.92%, operating margin of -160.37%, and the pretax margin is -222.41%.
Red Cat Holdings Inc (RCAT) Insider and Institutional Ownership
Observing investor behavior towards Computer Hardware industry stocks is more important than anything else. The insider ownership of Red Cat Holdings Inc is 22.70%, while institutional ownership is 12.51%. The most recent insider transaction that took place on Dec 26 ’24, was worth 340,250. In this transaction Director of this company sold 25,000 shares at a rate of $13.61, taking the stock ownership to the 610,190 shares. Before that another transaction happened on Dec 30 ’24, when Company’s Director sold 15,000 for $14.24, making the entire transaction worth $213,600. This insider now owns 585,190 shares in total.
Red Cat Holdings Inc (RCAT) Latest Financial update
Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.07 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 52.50% 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 0.60 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 41.64.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.54, a number that is poised to hit -0.09 in the next quarter and is forecasted to reach -0.02 in one year’s time.
Technical Analysis of Red Cat Holdings Inc (RCAT)
Let’s dig in a bit further. During the last 5-days, its volume was 10.54 million. That was inferior than the volume of 11.1 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 17.45%. Additionally, its Average True Range was 1.82.
During the past 100 days, Red Cat Holdings Inc’s (RCAT) raw stochastic average was set at 48.17%, which indicates a significant increase from 3.79% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 162.14% in the past 14 days, which was higher than the 149.12% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $8.69, while its 200-day Moving Average is $3.66. However, in the short run, Red Cat Holdings Inc’s stock first resistance to watch stands at $9.67. Second resistance stands at $10.79. The third major resistance level sits at $11.48. If the price goes on to break the first support level at $7.86, it is likely to go to the next support level at $7.17. The third support level lies at $6.05 if the price breaches the second support level.
Red Cat Holdings Inc (NASDAQ: RCAT) Key Stats
Market capitalization of the company is 685.78 million based on 80,161K outstanding shares. Right now, sales total 17,840 K and income totals -24,050 K. The company made 1,530 K in profit during its latest quarter, and -13,330 K in sales during its previous quarter.
