Red Cat Holdings Inc [RCAT] stock prices are up 7.54% to $0.90 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The RCAT shares have gain 10.99% over the last week, with a monthly amount glided 6.28%, and seem to be holding up well over a long-time horizon.
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On 9, April 2024, Red Cat Begins Integration of Teal 2 Drones with Ocean Power Technologies Maritime Surveillance Solution for Air, Sea, and Subsea Defense and Security Missions. In a post published today on Yahoo Finance, Red Cat Holdings, Inc. (Nasdaq: RCAT) (“Red Cat”), a drone technology company integrating robotic hardware and software for military, government, and commercial operations, announces a partnership with Ocean Power Technologies, Inc. (NYSE American: OPTT) (“OPT”), a leader in innovative and cost-effective low-carbon marine power, data, and service solutions. The partnership will enable organizations using OPT’s PowerBuoy® and WAM-V® platforms to deploy Teal 2 Drones as part of their strategy to leverage autonomous vehicles to assess and address maritime threats in real time.
From an analyst’s perspective:
The stock price of Red Cat Holdings Inc [RCAT] has been fluctuating between $0.52 and $1.47 over the past year. Red Cat Holdings Inc [NASDAQ: RCAT] shares were valued at $0.90 at the most recent close of the market.
Analyzing the RCAT fundamentals
The Red Cat Holdings Inc [NASDAQ:RCAT] reported sales of 13.73M for trailing twelve months, representing a surge of 88.24%. Gross Profit Margin for this corporation currently stands at 0.11% with Operating Profit Margin at -1.83%, Pretax Profit Margin comes in at -1.91%, and Net Profit Margin reading is -2.06%. To continue investigating profitability, this company’s Return on Assets is posted at -0.51, Equity is -0.57 and Total Capital is -0.5. 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 0.8460 points at the first support level, and at 0.7930 for the second support level. However, for the 1st resistance point, the stock is sitting at 0.9460, and for the 2nd resistance point, it is at 0.9930.
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
It’s worth pointing out that Red Cat Holdings Inc [NASDAQ:RCAT]’s Current Ratio is 5.34. In addition, the Quick Ratio stands at 3.61 and the Cash Ratio stands at 1.47. Considering the valuation of this stock, the price to sales ratio is 4.86, the price to book ratio is 1.35.
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.
