Shares of Red Cat Holdings, Inc. (NASDAQ:RCAT - Get Free Report) gapped down before the market opened on Monday . The stock had previously closed at $5.95, but opened at $5.61. Red Cat shares last traded at $5.65, with a volume of 2,547,835 shares trading hands.
Wall Street Analyst Weigh In
Several analysts have recently weighed in on the company. Northland Capmk upgraded Red Cat to a "strong-buy" rating in a report on Monday, March 10th. Northland Securities assumed coverage on shares of Red Cat in a research report on Tuesday, March 11th. They issued an "outperform" rating and a $13.00 price target for the company.
View Our Latest Analysis on RCAT
Red Cat Stock Performance
The company's 50-day moving average price is $5.67 and its two-hundred day moving average price is $7.36. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.43 and a quick ratio of 0.60. The company has a market capitalization of $536.75 million, a price-to-earnings ratio of -10.98 and a beta of 1.37.
Hedge Funds Weigh In On Red Cat
A number of hedge funds have recently added to or reduced their stakes in RCAT. Twin Tree Management LP purchased a new stake in shares of Red Cat during the 4th quarter worth approximately $28,000. Bank of America Corp DE boosted its position in shares of Red Cat by 407.0% during the 4th quarter. Bank of America Corp DE now owns 3,397 shares of the company's stock valued at $44,000 after acquiring an additional 2,727 shares during the last quarter. Mark Sheptoff Financial Planning LLC purchased a new stake in shares of Red Cat during the 4th quarter valued at $48,000. SBI Securities Co. Ltd. raised its position in Red Cat by 104.4% during the first quarter. SBI Securities Co. Ltd. now owns 9,467 shares of the company's stock valued at $56,000 after purchasing an additional 4,835 shares in the last quarter. Finally, Summit Trail Advisors LLC bought a new stake in Red Cat in the 1st quarter worth approximately $59,000. Institutional investors and hedge funds own 37.97% of the company's stock.
Red Cat Company Profile
(
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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