Red Cat Holdings Inc [NASDAQ: RCAT] loss -1.91% or -0.17 points to close at $8.74 with a heavy trading volume of 7401744 shares.
The daily chart for RCAT points out that the company has recorded 217.82% gains over the past six months.
If we look at the average trading volume of 11.16M shares, RCAT reached to a volume of 7401744 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Red Cat Holdings Inc [RCAT]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for RCAT shares is $13.50 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on RCAT stock is a recommendation set at 1.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Ladenburg Thalmann have made an estimate for Red Cat Holdings Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on June 14, 2024.
The Average True Range (ATR) for Red Cat Holdings Inc is set at 1.15, with the Price to Sales ratio for RCAT stock in the period of the last 12 months amounting to 45.43. The Price to Book ratio for the last quarter was 25.23, with the Price to Cash per share for the same quarter was set at 0.05.
Trading performance analysis for RCAT stock
Red Cat Holdings Inc [RCAT] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -9.10. With this latest performance, RCAT shares gained by 2.16% in over the last four-week period, additionally plugging by 217.82% over the last 6 months – not to mention a rise of 1183.22% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for RCAT stock in for the last two-week period is set at 44.14, with the RSI for the last a single of trading hit 39.37, and the three-weeks RSI is set at 47.01 for Red Cat Holdings Inc [RCAT]. The present Moving Average for the last 50 days of trading for this stock 9.90, while it was recorded at 9.06 for the last single week of trading, and 4.51 for the last 200 days.
Red Cat Holdings Inc [RCAT]: A deeper dive into fundamental analysis
Red Cat Holdings Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.60 and a Current Ratio set at 1.43.
An analysis of Institutional ownership at Red Cat Holdings Inc [RCAT]
The top three institutional holders of RCAT stocks are: AIGH CAPITAL MANAGEMENT LLC with ownership of 4.92 million shares, which is approximately 6.6048%. AWM INVESTMENT COMPANY, INC., holding 4.47 million shares of the stock with an approximate value of $$5.14 million in RCAT stocks shares; and AWM INVESTMENT COMPANY, INC., currently with $$1.63 million in RCAT stock with ownership which is approximately 2.5506%.
