Red Cat Holdings, Inc. (NASDAQ:RCAT - Get Free Report) shares shot up 3.1% during trading on Friday . The company traded as high as $9.38 and last traded at $9.37. 803,396 shares were traded during mid-day trading, a decline of 58% from the average session volume of 1,931,903 shares. The stock had previously closed at $9.09.
Red Cat Stock Performance
The stock has a 50-day moving average price of $5.76 and a two-hundred day moving average price of $3.41. The stock has a market capitalization of $811.25 million, a PE ratio of -23.37 and a beta of 1.33.
Red Cat (NASDAQ:RCAT - Get Free Report) last released its earnings results on Monday, December 16th. The company reported ($0.18) 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 prior year, the firm posted ($0.11) EPS. As a group, equities analysts predict that Red Cat Holdings, Inc. will post -0.39 earnings per share for the current year.
Institutional Investors Weigh In On Red Cat
A number of institutional investors have recently bought and sold shares of the business. Renaissance Technologies LLC purchased a new position in shares of Red Cat in the second quarter valued at about $267,000. Corsair Capital Management L.P. purchased a new position in Red Cat in the 3rd quarter worth approximately $308,000. Wolverine Trading LLC purchased a new position in Red Cat in the 3rd quarter worth approximately $233,000. Centiva Capital LP bought a new position in Red Cat in the 3rd quarter worth approximately $207,000. Finally, State Street Corp grew its holdings in Red Cat by 44.9% during the 3rd quarter. State Street Corp now owns 221,958 shares of the company's stock valued at $564,000 after buying an additional 68,800 shares in the last quarter. Hedge funds and other institutional investors own 37.97% of the company's stock.
Red Cat Company Profile
(
Get Free Report)
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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