Red Cat (RCAT) Projected to Post Quarterly Earnings on Monday

Red Cat (NASDAQ:RCAT - Get Free Report) is expected to post its quarterly earnings results before the market opens on Monday, March 17th. Analysts expect Red Cat to post earnings of ($0.09) per share and revenue of $7.49 million for the quarter. Red Cat has set its FY 2025 guidance at EPS.

Red Cat (NASDAQ:RCAT - Get Free Report) last posted its 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 return on equity of 96.00% and a negative net margin of 232.62%. During the same quarter last year, the company earned ($0.11) EPS. On average, analysts expect Red Cat to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Red Cat Stock Down 0.1 %

Shares of NASDAQ:RCAT traded down $0.01 on Thursday, reaching $4.95. The company had a trading volume of 2,201,918 shares, compared to its average volume of 7,874,750. The stock has a 50-day moving average price of $8.73 and a 200 day moving average price of $6.54. The company has a quick ratio of 0.60, a current ratio of 1.43 and a debt-to-equity ratio of 0.30. Red Cat has a twelve month low of $0.70 and a twelve month high of $15.27. The stock has a market capitalization of $396.40 million, a P/E ratio of -9.18 and a beta of 1.32.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Northland Capmk raised shares of Red Cat to a "strong-buy" rating in a research report on Monday. Northland Securities began coverage on Red Cat in a report on Tuesday. They issued an "outperform" rating and a $13.00 price target for the company.

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Insider Activity

In other Red Cat news, CEO Jeffrey M. Thompson sold 392,551 shares of the firm's stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $11.34, for a total transaction of $4,451,528.34. Following the completion of the transaction, the chief executive officer now owns 13,121,898 shares in the company, valued at $148,802,323.32. This trade represents a 2.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Nicholas Reyland Liuzza, Jr. sold 328,928 shares of Red Cat stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $8.29, for a total value of $2,726,813.12. Following the sale, the director now directly owns 681,072 shares in the company, valued at $5,646,086.88. The trade was a 32.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,930,441 shares of company stock worth $21,099,751. 21.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Red Cat stock. Bank of America Corp DE boosted its position in shares of Red Cat Holdings, Inc. (NASDAQ:RCAT - Free Report) by 407.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,397 shares of the company's stock after purchasing an additional 2,727 shares during the period. Bank of America Corp DE's holdings in Red Cat were worth $44,000 at the end of the most recent quarter. 37.97% of the stock is currently owned by institutional investors and hedge funds.

Red Cat Company Profile

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.