In yesterday’s Wall Street session, Red Cat Holdings Inc. (NASDAQ:RCAT) shares traded at $0.94, up 2.20% from the previous session.
RCAT stock price is now -18.21% away from the 50-day moving average and -47.60% away from the 200-day moving average. The market capitalization of the company currently stands at $50.00M.
In other news, Freedman Joseph David, Director bought 1,000 shares of the company’s stock on Dec 29. The stock was bought for $882 at an average price of $0.88. Upon completion of the transaction, the Director now directly owns 408,064 shares in the company, valued at $0.38 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 28, Chairman of the Board, CEO Thompson Jeffrey M bought 2,000 shares of the business’s stock. A total of $1,686 was incurred on buying the stock at an average price of $0.84. This leaves the insider owning 12,960,207 shares of the company worth $12.18 million. Insiders disposed of 376,456 shares of company stock worth roughly $0.35 million over the past 1 year. A total of 28.90% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in RCAT stock. A new stake in Red Cat Holdings Inc. shares was purchased by UMB BANK, N.A. during the first quarter worth $136,000. MARATHON CAPITAL MANAGEMENT invested $66,000 in shares of RCAT during the first quarter. In the first quarter, CITADEL ADVISORS LLC acquired a new stake in Red Cat Holdings Inc. valued at approximately $39,000. GRADIENT INVESTMENTS LLC acquired a new stake in RCAT for approximately $2,000. In total, there are 43 active investors with 9.40% ownership of the company’s stock.
Friday morning saw Red Cat Holdings Inc. (NASDAQ: RCAT) opened at $0.9600. During the past 12 months, Red Cat Holdings Inc. has had a low of $0.77 and a high of $2.92. As of last week, the company has a debt-to-equity ratio of 0.02, a current ratio of 9.90, and a quick ratio of 7.60. The fifty day moving average price for RCAT is $1.1383 and a two-hundred day moving average price translates $1.7876 for the stock.
The latest earnings results from Red Cat Holdings Inc. (NASDAQ: RCAT) was released for Jul, 2022. According to the Computer Hardware Company, earnings per share came in at -$0.07, missing analysts’ expectations of -$0.03 by -0.04. This compares to -$0.05 EPS in the same period last year. The company reported revenue of $1.53 million for the quarter, compared to $1.86 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -17.82 percent. For the current quarter, analysts expect RCAT to generate $3.6M in revenue.
Red Cat Holdings Inc.(RCAT) Company Profile
Red Cat Holdings, Inc., through its subsidiaries, provides various products, services, and solutions to the drone industry. It offers commercial and government unmanned aerial vehicle technology for reconnaissance, public safety, and inspection applications. The company also provides First Person View (FPV) video goggles; and software and hardware solutions that enable drones to complete inspection services in locations where global positioning systems are not available. In addition, it is involved in the sales of FPV drones and equipment primarily to the consumer marketplace. Red Cat Holdings, Inc.is based in San Juan, Puerto Rico.