Red Cat Holdings, Inc. (NASDAQ:RCAT - Get Free Report) Director Nicholas Reyland Liuzza, Jr. sold 328,928 shares of the stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $8.29, for a total value of $2,726,813.12. Following the sale, the director now owns 681,072 shares in the company, valued at $5,646,086.88. The trade was a 32.57 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Red Cat Trading Up 18.3 %
Shares of Red Cat stock traded up $1.66 during trading on Friday, reaching $10.75. The company's stock had a trading volume of 22,959,006 shares, compared to its average volume of 2,022,484. Red Cat Holdings, Inc. has a one year low of $0.56 and a one year high of $12.57. The stock has a 50-day moving average price of $5.91 and a two-hundred day moving average price of $3.48. The stock has a market capitalization of $811.25 million, a P/E ratio of -23.37 and a beta of 1.33.
Red Cat (NASDAQ:RCAT - Get Free Report) last released its quarterly earnings results on Monday, December 16th. The company reported ($0.18) EPS for the quarter, missing the consensus estimate of $0.09 by ($0.27). Red Cat had a negative net margin of 162.50% and a negative return on equity of 66.19%. During the same quarter in the prior year, the firm earned ($0.11) EPS. As a group, sell-side analysts anticipate that Red Cat Holdings, Inc. will post -0.39 EPS for the current fiscal year.
Institutional Investors Weigh In On Red Cat
Institutional investors and hedge funds have recently modified their holdings of the business. Sanctuary Advisors LLC bought a new position in shares of Red Cat during the 3rd quarter valued at about $25,000. Sheets Smith Wealth Management bought a new position in Red Cat in the third quarter valued at approximately $51,000. United Capital Management of KS Inc. acquired a new position in shares of Red Cat in the third quarter valued at approximately $108,000. Pekin Hardy Strauss Inc. bought a new stake in shares of Red Cat during the third quarter worth $138,000. Finally, PVG Asset Management Corp acquired a new stake in shares of Red Cat during the second quarter worth $63,000. 37.97% of the stock is owned by institutional investors.
Red Cat Company Profile
(
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Red Cat Holdings, Inc engages in the provision of various products, services, and solutions to the drone industry. The company operates through two segments: Enterprise and Consumer. It built infrastructure to manages drone fleets and fly, and provide services remotely, navigate confined industrial interior spaces and dangerous military environment.
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