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Red Cat Holdings Inc (NASDAQ: RCAT) closed the day trading at $10.03 down -15.22% from the previous closing price of $11.83. In other words, the price has decreased by -$15.22 from its previous closing price. On the day, 10.15 million shares were traded. RCAT stock price reached its highest trading level at $11.6 during the session, while it also had its lowest trading level at $9.9301.
Ratios:
For a better understanding of RCAT, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.60 and its Current Ratio is at 1.43. In the meantime, Its Debt-to-Equity ratio is 0.51 whereas as Long-Term Debt/Eq ratio is at 0.35.
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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Dec 26 ’24 when Freedman Joseph David sold 25,000 shares for $13.61 per share. The transaction valued at 340,250 led to the insider holds 610,190 shares of the business.
Freedman Joseph David sold 15,000 shares of RCAT for $213,600 on Dec 30 ’24. The Director now owns 585,190 shares after completing the transaction at $14.24 per share. On Dec 27 ’24, another insider, Freedman Joseph David, who serves as the Director of the company, sold 10,000 shares for $12.25 each. As a result, the insider received 122,500 and left with 600,190 shares of the company.
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 804012800 and an Enterprise Value of 782362880. For the stock, the TTM Price-to-Sale (P/S) ratio is 48.82 while its Price-to-Book (P/B) ratio in mrq is 28.95. Its current Enterprise Value per Revenue stands at 41.472 whereas that against EBITDA is -43.017.
Stock Price History:
The Beta on a monthly basis for RCAT is 0.50, which has changed by 12.180026 over the last 52 weeks, in comparison to a change of 0.22263205 over the same period for the S&P500. Over the past 52 weeks, RCAT has reached a high of $15.27, while it has fallen to a 52-week low of $0.56. The 50-Day Moving Average of the stock is 24.66%, while the 200-Day Moving Average is calculated to be 191.71%.
Shares Statistics:
Over the past 3-months, RCAT traded about 7.75M shares per day on average, while over the past 10 days, RCAT traded about 13294420 shares per day. A total of 78.03M shares are outstanding, with a floating share count of 60.86M. Insiders hold about 24.08% of the company’s shares, while institutions hold 12.48% stake in the company. Shares short for RCAT as of 1732838400 were 6880600 with a Short Ratio of 1.09, compared to 1730332800 on 5120929. Therefore, it implies a Short% of Shares Outstanding of 6880600 and a Short% of Float of 11.0.
