Stocks of Red Cat Holdings Inc (NASDAQ:RCAT) traded higher last session on Wall Street, up 2.60% to $11.03.
RCAT stock price is now 85.63% away from the 50-day moving average and 295.72% away from the 200-day moving average. The market capitalization of the company currently stands at $1.05B.
With the price target of $4, Ladenburg Thalmann recently initiated with Buy rating for Red Cat Holdings Inc (NASDAQ: RCAT).
In other news, Matus George Michael, CTO, Red Cat Holdings sold 287,113 shares of the company’s stock on Dec 20 ’24. The stock was sold for $2,853,903 at an average price of $9.94. Upon completion of the transaction, the CTO, Red Cat Holdings now directly owns 685,990 shares in the company, valued at $7.57 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 23 ’24, Officer Thompson Jeffrey M bought 500,000 shares of the business’s stock. A total of $5,375,000 was incurred on buying the stock at an average price of $10.75. A total of 24.65% of the company’s stock is owned by insiders.
During the past 12 months, Red Cat Holdings Inc has had a low of $0.56 and a high of $12.57. 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 $5.789 and a two-hundred day moving average price translates $2.736405 for the stock.
The latest earnings results from Red Cat Holdings Inc (NASDAQ: RCAT) was released for 2024-07-31. The net profit margin was -232.64% and return on equity was -100.48% for RCAT. The company reported revenue of $2.78 million for the quarter, compared to $1.75 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 58.87 percent.
