In Thursday’s Wall Street session, Red Cat Holdings Inc (NASDAQ:RCAT) shares traded at $6.00, up 3.18% from the previous session.
RCAT stock price is now -20.21% away from the 50-day moving average and 16.88% away from the 200-day moving average. The market capitalization of the company currently stands at $513.70M.
With the price target of $13, Northland Capital recently initiated with Outperform rating for Red Cat Holdings Inc (NASDAQ: RCAT). On June 14, 2024, Ladenburg Thalmann recently initiated its ‘Buy’ rating on the stock quoting a target price of $4
In other news, Freedman Joseph David, Director sold 25,000 shares of the company’s stock on Dec 26 ’24. The stock was sold for $340,250 at an average price of $13.61. Upon completion of the transaction, the Director now directly owns 610,190 shares in the company, valued at $3.66 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 30 ’24, Director Freedman Joseph David sold 15,000 shares of the business’s stock. A total of $213,600 was realized by selling the stock at an average price of $14.24. This leaves the insider owning 585,190 shares of the company worth $3.51 million. A total of 21.23% of the company’s stock is owned by insiders.
During the past 12 months, Red Cat Holdings Inc has had a low of $0.75 and a high of $15.27. As of last week, the company has a debt-to-equity ratio of 0.51, a current ratio of 1.43, and a quick ratio of 0.60. The fifty day moving average price for RCAT is $7.5202 and a two-hundred day moving average price translates $5.1336 for the stock.
The latest earnings results from Red Cat Holdings Inc (NASDAQ: RCAT) was released for 2024-10-31. The net profit margin was -232.64% and return on equity was -100.48% for RCAT. The company reported revenue of $1.53 million for the quarter, compared to $3.93 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -60.95 percent.
