Currently, Red Cat Holdings Inc [RCAT] is trading at $3.16, up 0.96%. 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 7.48% over the last week, with a monthly amount drifted -0.94%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Red Cat Holdings Inc [NASDAQ: RCAT] stock has seen the most recent analyst activity on June 14, 2024, when Ladenburg Thalmann initiated its Buy rating and assigned the stock a price target of $4.
This stock has fluctuated between a low of $0.52 and a high of $3.27 over the last 52 weeks. Red Cat Holdings Inc [NASDAQ: RCAT] shares were valued at $3.16 at the most recent close of the market.
Analyzing the RCAT fundamentals
Trailing Twelve Months sales for Red Cat Holdings Inc [NASDAQ:RCAT] were 17.84M which represents 186.09% growth. Gross Profit Margin for this corporation currently stands at 0.33% with Operating Profit Margin at -1.41%, Pretax Profit Margin comes in at -1.5%, and Net Profit Margin reading is -1.63%. To continue investigating profitability, this company’s Return on Assets is posted at -1.86, Equity is -0.72 and Total Capital is -2.17. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.06.
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 3.00 points at the first support level, and at 2.84 for the second support level. However, for the 1st resistance point, the stock is sitting at 3.40, and for the 2nd resistance point, it is at 3.64.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Red Cat Holdings Inc [NASDAQ:RCAT] is 6.13. Also, the Quick Ratio is 3.94, while the Cash Ratio stands at 1.83. Considering the valuation of this stock, the price to sales ratio is 13.32, the price to book ratio is 5.39.
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.
