Red Cat Holdings Inc [RCAT] stock is trading at $0.76, down -3.04%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The RCAT shares have gain 6.95% over the last week, with a monthly amount glided 3.38%, and seem to be holding up well over a long-time horizon.
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On 26, March 2024, Red Cat Announces $2.5 Million in Contract Awards for Two NATO Allied Countries. In a post published today on Yahoo Finance, Red Cat will provide the new customers with Teal 2 drones, training, and accessories that will be used for defense and security operations globally.
From an analyst’s perspective:
Red Cat Holdings Inc [RCAT] stock has fluctuated between $0.52 and $1.47 over the past year. Red Cat Holdings Inc [NASDAQ: RCAT] shares were valued at $0.76 at the most recent close of the market.
Analyzing the RCAT fundamentals
Red Cat Holdings Inc [NASDAQ:RCAT] reported sales of 13.73M for the trailing twelve months, which represents a growth of 88.24%. Gross Profit Margin for this corporation currently stands at 0.04% with Operating Profit Margin at -2.39%, Pretax Profit Margin comes in at -2.52%, and Net Profit Margin reading is -2.09%. To continue investigating profitability, this company’s Return on Assets is posted at -0.45, Equity is -0.43 and Total Capital is -0.57. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.03.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 0.7533 points at the first support level, and at 0.7417 for the second support level. However, for the 1st resistance point, the stock is sitting at 0.7883, and for the 2nd resistance point, it is at 0.8117.
Red Cat Holdings Inc [RCAT] reported earnings per share of -$0.1 for its fiscal quarter that ended on 1/30/2024. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.04/share, meaning a difference of -$0.06 and a surprise factor of -150.00%. By comparison, the stated earnings for the previous quarter ended on 10/30/2023 were -$0.1 per share as compared to estimates of -$0.07 per share, a difference of -$0.03 representing a surprise of -42.90%.
Ratios To Look Out For
For context, Red Cat Holdings Inc’s Current Ratio is 5.34. Also, the Quick Ratio is 3.61, while the Cash Ratio stands at 0.32. Considering the valuation of this stock, the price to sales ratio is 4.14, the price to book ratio is 1.14.
Transactions by insiders
Recent insider trading involved Evans Allan Thomas, COO, Red Cat Holdings, Inc., that happened on Sep 27 ’23 when 10000.0 shares were purchased.
