Currently, there are 78.03M common shares owned by the public and among those 60.86M shares have been available to trade.
The company’s stock has a 5-day price change of -33.97% and 177.22% over the past three months. RCAT shares are trading -27.08% year to date (YTD), with the 12-month market performance up to 1138.11% higher. It has a 12-month low price of $0.56 and touched a high of $15.27 over the same period. RCAT has an average intraday trading volume of 8.09 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -16.64%, 13.02%, and 165.89% respectively.
Institutional ownership of Red Cat Holdings Inc (NASDAQ: RCAT) shares accounts for 12.47% of the company’s 78.03M shares outstanding.
It has a market capitalization of $751.11M and a beta (3y monthly) value of 0.53. The earnings-per-share (ttm) stands at -$0.54. Price movements for the stock have been influenced by the stock’s volatility, which stands at 14.21% over the week and 20.00% over the month.
Analysts forecast that Red Cat Holdings Inc (RCAT) will achieve an EPS of -0.09 for the current quarter, -0.07 for the next quarter and -0.02 for current fiscal year. The lowest estimate earnings-per-share for the quarter is -0.09 while analysts give the company a high EPS estimate of -0.09. Earnings per share for the fiscal year are expected to increase by 52.50%, and 89.47% over the next financial year.
Looking at the support for the RCAT, a number of firms have released research notes about the stock. Ladenburg Thalmann stated their Buy rating for the stock in a research note on June 14, 2024, with the firm’s price target at $4.
