Red Cat Holdings, Inc. (NASDAQ:RCAT - Get Free Report) saw an uptick in trading volume on Tuesday . 4,769,559 shares changed hands during mid-day trading, an increase of 164% from the previous session's volume of 1,804,845 shares.The stock last traded at $8.47 and had previously closed at $10.45.
Red Cat Stock Down 7.5 %
The stock has a 50-day moving average of $5.55 and a 200 day moving average of $3.33. The company has a market capitalization of $729.70 million, a PE ratio of -21.02 and a beta of 1.33.
Red Cat (NASDAQ:RCAT - Get Free Report) last posted its quarterly earnings data on Monday, December 16th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.09 by ($0.27). Red Cat had a negative return on equity of 66.19% and a negative net margin of 162.50%. During the same quarter in the previous year, the company posted ($0.11) EPS. Equities analysts forecast that Red Cat Holdings, Inc. will post -0.39 EPS for the current fiscal year.
Institutional Investors Weigh In On Red Cat
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Centiva Capital LP bought a new stake in Red Cat during the 3rd quarter valued at $207,000. Wolverine Trading LLC purchased a new position in Red Cat during the third quarter valued at $233,000. Corsair Capital Management L.P. purchased a new position in Red Cat in the third quarter worth about $308,000. Pekin Hardy Strauss Inc. purchased a new position in Red Cat in the 3rd quarter worth approximately $138,000. Finally, Renaissance Technologies LLC purchased a new stake in shares of Red Cat during the 2nd quarter valued at about $267,000. 37.97% of the stock is owned by hedge funds and other 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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