Red Cat Holdings, Inc. (NASDAQ:RCAT - Get Free Report) was up 4.9% on Friday . The company traded as high as $7.57 and last traded at $7.54. 324,896 shares changed hands during mid-day trading, a decline of 79% from the average daily volume of 1,568,966 shares. The stock had previously closed at $7.19.
Red Cat Stock Performance
The firm has a 50-day moving average of $5.27 and a 200-day moving average of $3.19. The firm has a market capitalization of $621.08 million, a P/E ratio of -17.89 and a beta of 1.33.
Red Cat (NASDAQ:RCAT - Get Free Report) last announced its quarterly earnings results on Monday, September 23rd. The company reported ($0.17) earnings per share (EPS) for the quarter. Red Cat had a negative net margin of 162.50% and a negative return on equity of 66.19%. The business had revenue of $2.78 million for the quarter. On average, research 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 large investors have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC purchased a new stake in shares of Red Cat during the 2nd quarter valued at about $267,000. XTX Topco Ltd increased its holdings in Red Cat by 390.9% during the second quarter. XTX Topco Ltd now owns 58,895 shares of the company's stock valued at $68,000 after buying an additional 46,897 shares during the last quarter. PVG Asset Management Corp bought a new position in Red Cat in the second quarter worth approximately $63,000. Sheets Smith Wealth Management purchased a new position in shares of Red Cat during the 3rd quarter worth $51,000. Finally, United Capital Management of KS Inc. bought a new stake in shares of Red Cat during the 3rd quarter valued at $108,000. Institutional investors own 37.97% of the company's stock.
About Red Cat
(
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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