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NASDAQ:RCAT

Red Cat (RCAT) Stock Price, News & Analysis

Red Cat logo
$6.37 +1.63 (+34.39%)
(As of 11/20/2024 ET)

About Red Cat Stock (NASDAQ:RCAT)

Key Stats

Today's Range
$5.62
$6.90
50-Day Range
$2.36
$6.37
52-Week Range
$0.52
$6.90
Volume
19.35 million shs
Average Volume
2.07 million shs
Market Capitalization
$480.68 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$4.00
Consensus Rating
Buy

Company Overview

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. Red Cat Holdings, Inc. is based in San Juan, Puerto Rico.

Red Cat Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
18th Percentile Overall Score

RCAT MarketRank™: 

Red Cat scored higher than 18% of companies evaluated by MarketBeat, and ranked 298th out of 329 stocks in the business services sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Red Cat has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Red Cat has received no research coverage in the past 90 days.

  • Read more about Red Cat's stock forecast and price target.
  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Red Cat is -13.85, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Red Cat is -13.85, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

  • Price to Book Value per Share Ratio

    Red Cat has a P/B Ratio of 10.80. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Read more about Red Cat's valuation and earnings.
  • Percentage of Shares Shorted

    8.81% of the float of Red Cat has been sold short.
  • Short Interest Ratio / Days to Cover

    Red Cat has a short interest ratio ("days to cover") of 3.5, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Red Cat has recently increased by 9.87%, indicating that investor sentiment is decreasing significantly.
  • Dividend Yield

    Red Cat does not currently pay a dividend.

  • Dividend Growth

    Red Cat does not have a long track record of dividend growth.

  • Percentage of Shares Shorted

    8.81% of the float of Red Cat has been sold short.
  • Short Interest Ratio / Days to Cover

    Red Cat has a short interest ratio ("days to cover") of 3.5, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Red Cat has recently increased by 9.87%, indicating that investor sentiment is decreasing significantly.
  • News Sentiment

    Red Cat has a news sentiment score of 0.74. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.54 average news sentiment score of Business Services companies.
  • News Coverage This Week

    MarketBeat has tracked 11 news articles for Red Cat this week, compared to 2 articles on an average week.
  • Search Interest

    21 people have searched for RCAT on MarketBeat in the last 30 days. This is an increase of 62% compared to the previous 30 days.
  • MarketBeat Follows

    5 people have added Red Cat to their MarketBeat watchlist in the last 30 days. This is an increase of 400% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Red Cat insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    21.50% of the stock of Red Cat is held by insiders. A high percentage of insider ownership can be a sign of company health.

  • Percentage Held by Institutions

    Only 37.97% of the stock of Red Cat is held by institutions.

  • Read more about Red Cat's insider trading history.
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RCAT Stock News Headlines

Red Cat price target raised to $9 from $4 at Ladenburg
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Red Cat files to sell 13.55M shares of common stock for holders
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RCAT Stock Analysis - Frequently Asked Questions

Red Cat's stock was trading at $0.88 at the beginning of the year. Since then, RCAT shares have increased by 623.9% and is now trading at $6.37.
View the best growth stocks for 2024 here
.

Red Cat Holdings, Inc. (NASDAQ:RCAT) announced its earnings results on Monday, September, 23rd. The company reported ($0.17) EPS for the quarter. The business earned $2.78 million during the quarter. Red Cat had a negative trailing twelve-month return on equity of 66.19% and a negative net margin of 162.50%.

Red Cat (RCAT) raised $16 million in an initial public offering (IPO) on Friday, April 30th 2021. The company issued 4,000,000 shares at $4.00 per share. ThinkEquity (a division of Fordham Financial Management) acted as the underwriter for the IPO.

Top institutional investors of Red Cat include Geode Capital Management LLC (0.79%), State Street Corp (0.29%), Corsair Capital Management L.P. (0.16%) and Wolverine Trading LLC (0.12%). Insiders that own company stock include Jeffrey M Thompson, Allan Thomas Evans, Nicholas Reyland Liuzza Jr and Joseph David Freedman.
View institutional ownership trends
.

Shares of RCAT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Red Cat investors own include Tesla (TSLA), Ford Motor (F), Broadcom (AVGO), NVIDIA (NVDA), Cisco Systems (CSCO), Coca-Cola (KO) and Philip Morris International (PM).

Company Calendar

Last Earnings
9/23/2024
Today
11/21/2024
Next Earnings (Estimated)
12/20/2024
Fiscal Year End
4/30/2025

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
Computer Software
Current Symbol
NASDAQ:RCAT
Fax
N/A
Employees
70
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$4.00
High Stock Price Target
$4.00
Low Stock Price Target
$4.00
Potential Upside/Downside
-37.2%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
$-24,050,000.00
Net Margins
-162.50%
Pretax Margin
-150.26%

Debt

Sales & Book Value

Annual Sales
$18.86 million
Book Value
$0.59 per share

Miscellaneous

Free Float
59,240,000
Market Cap
$480.71 million
Optionable
Optionable
Beta
-0.07
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This page (NASDAQ:RCAT) was last updated on 11/21/2024 by MarketBeat.com Staff
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