Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
As of close of business last night, Red Cat Holdings Inc’s stock clocked out at $1.20, down -7.69% from its previous closing price of $1.30. In other words, the price has decreased by -$7.69 from its previous closing price. On the day, 0.72 million shares were traded. RCAT stock price reached its highest trading level at $1.3299 during the session, while it also had its lowest trading level at $1.15.
Ratios:
To gain a deeper understanding of RCAT’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 3.61 and its Current Ratio is at 5.34. In the meantime, Its Debt-to-Equity ratio is 0.03 whereas as Long-Term Debt/Eq ratio is at 0.00.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Sep 27 ’23 when Evans Allan Thomas bought 10,000 shares for $0.96 per share. The transaction valued at 9,650 led to the insider holds 1,443,945 shares of the business.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, RCAT now has a Market Capitalization of 89137808 and an Enterprise Value of 90260784. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.49 while its Price-to-Book (P/B) ratio in mrq is 1.80. Its current Enterprise Value per Revenue stands at 5.043 whereas that against EBITDA is -4.114.
Stock Price History:
Over the past 52 weeks, RCAT has reached a high of $1.50, while it has fallen to a 52-week low of $0.52. The 50-Day Moving Average of the stock is 47.54%, while the 200-Day Moving Average is calculated to be 36.86%.
Shares Statistics:
It appears that RCAT traded 401.38K shares on average per day over the past three months and 1476330 shares per day over the past ten days. A total of 54.57M shares are outstanding, with a floating share count of 51.91M. Insiders hold about 30.12% of the company’s shares, while institutions hold 20.53% stake in the company. Shares short for RCAT as of 1711584000 were 417088 with a Short Ratio of 1.04, compared to 1709164800 on 644160. Therefore, it implies a Short% of Shares Outstanding of 417088 and a Short% of Float of 0.70999996.
