In the quest to outshine the broader market, stock pickers diligently seek out stocks with the potential for superior performance. Making the right choices can significantly elevate your wealth.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The price of Red Cat Holdings Inc (NASDAQ: RCAT) closed at $1.91 in the last session, up 8.52% from day before closing price of $1.76. In other words, the price has increased by $8.52 from its previous closing price. On the day, 1.26 million shares were traded. RCAT stock price reached its highest trading level at $1.96 during the session, while it also had its lowest trading level at $1.7003.
Ratios:
We take a closer look at RCAT’s different ratios to gain a better understanding of the stock. 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.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Ladenburg Thalmann on June 14, 2024, initiated with a Buy rating and assigned the stock a target price of $4.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of 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 141877664 and an Enterprise Value of 135572512. For the stock, the TTM Price-to-Sale (P/S) ratio is 10.33 while its Price-to-Book (P/B) ratio in mrq is 2.86. Its current Enterprise Value per Revenue stands at 7.575 whereas that against EBITDA is -6.18.
Stock Price History:
The Beta on a monthly basis for RCAT is -0.29, which has changed by 0.7850467 over the last 52 weeks, in comparison to a change of 0.24125004 over the same period for the S&P500. Over the past 52 weeks, RCAT has reached a high of $2.20, while it has fallen to a 52-week low of $0.52. The 50-Day Moving Average of the stock is 70.23%, while the 200-Day Moving Average is calculated to be 108.10%.
Shares Statistics:
According to the various share statistics, RCAT traded on average about 972.32K shares per day over the past 3-months and 1461050 shares per day over the past 10 days. A total of 54.57M shares are outstanding, with a floating share count of 50.34M. Insiders hold about 32.22% of the company’s shares, while institutions hold 18.91% stake in the company. Shares short for RCAT as of 1719532800 were 2847021 with a Short Ratio of 2.93, compared to 1717113600 on 1862434. Therefore, it implies a Short% of Shares Outstanding of 2847021 and a Short% of Float of 4.84.
