Investors seeking to outperform the market often focus on hand-picking stocks. Selecting the right ones has proven to be a key factor in boosting wealth.
Red Cat Holdings Inc (NASDAQ: RCAT) closed the day trading at $9.18 down -13.11% from the previous closing price of $10.56. In other words, the price has decreased by -$13.11 from its previous closing price. On the day, 8.2 million shares were traded. RCAT stock price reached its highest trading level at $10.32 during the session, while it also had its lowest trading level at $8.88.
Ratios:
For a better understanding of RCAT, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 2.60 and its Current Ratio is at 5.08. In the meantime, Its Debt-to-Equity ratio is 0.06 whereas as Long-Term Debt/Eq ratio is at 0.04.
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.
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 692772416 and an Enterprise Value of 686593408. For the stock, the TTM Price-to-Sale (P/S) ratio is 36.73 while its Price-to-Book (P/B) ratio in mrq is 21.18. Its current Enterprise Value per Revenue stands at 36.396 whereas that against EBITDA is -37.751.
Stock Price History:
Over the past 52 weeks, RCAT has reached a high of $12.57, while it has fallen to a 52-week low of $0.52. The 50-Day Moving Average of the stock is 112.08%, while the 200-Day Moving Average is calculated to be 312.13%.
Shares Statistics:
Over the past 3-months, RCAT traded about 3.29M shares per day on average, while over the past 10 days, RCAT traded about 12222450 shares per day. A total of 74.89M shares are outstanding, with a floating share count of 57.09M. Shares short for RCAT as of 1731628800 were 5227348 with a Short Ratio of 1.59, compared to 1728950400 on 4662402. Therefore, it implies a Short% of Shares Outstanding of 5227348 and a Short% of Float of 8.36.
