Red Cat Holdings, Inc. (NASDAQ:RCAT - Get Free Report)'s stock price rose 15.5% during mid-day trading on Friday . The company traded as high as $5.80 and last traded at $5.86. Approximately 2,214,164 shares traded hands during trading, a decline of 65% from the average daily volume of 6,336,982 shares. The stock had previously closed at $5.07.
Wall Street Analyst Weigh In
A number of research analysts have issued reports on the stock. Northland Capmk raised shares of Red Cat to a "strong-buy" rating in a research note on Monday, March 10th. Northland Securities initiated coverage on shares of Red Cat in a research report on Tuesday, March 11th. They set an "outperform" rating and a $13.00 price target on the stock.
Read Our Latest Stock Report on Red Cat
Red Cat Trading Up 5.9 %
The company has a current ratio of 1.43, a quick ratio of 0.60 and a debt-to-equity ratio of 0.30. The firm has a 50 day simple moving average of $5.66 and a 200 day simple moving average of $7.29. The firm has a market capitalization of $515.94 million, a PE ratio of -10.56 and a beta of 1.37.
Hedge Funds Weigh In On Red Cat
Institutional investors have recently bought and sold shares of the company. Kieckhefer Group LLC acquired a new stake in Red Cat in the fourth quarter worth $296,000. Myecfo LLC acquired a new stake in shares of Red Cat in the 4th quarter valued at approximately $193,000. Regency Capital Management Inc. DE acquired a new stake in shares of Red Cat in the 4th quarter valued at about $130,000. N.E.W. Advisory Services LLC purchased a new position in shares of Red Cat in the fourth quarter worth about $423,000. Finally, U.S. Capital Wealth Advisors LLC purchased a new stake in Red Cat in the fourth quarter worth approximately $139,000. 37.97% of the stock is owned by institutional investors and hedge funds.
About Red Cat
(
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.
Further Reading
Before you consider Red Cat, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Red Cat wasn't on the list.
While Red Cat currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
