Red Cat Holdings, Inc. (NASDAQ:RCAT - Get Free Report) traded up 10% during mid-day trading on Thursday . The stock traded as high as $9.42 and last traded at $9.27. 2,398,542 shares traded hands during mid-day trading, a decline of 52% from the average session volume of 5,043,629 shares. The stock had previously closed at $8.43.
Analyst Ratings Changes
RCAT has been the topic of several analyst reports. Northland Securities assumed coverage on shares of Red Cat in a report on Tuesday, March 11th. They set an "outperform" rating and a $13.00 price target on the stock. Northland Capmk upgraded shares of Red Cat to a "strong-buy" rating in a report on Monday, March 10th.
Check Out Our Latest Report on Red Cat
Red Cat Trading Down 4.7%
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 firm has a market capitalization of $758.23 million, a P/E ratio of -15.44 and a beta of 1.40. The firm has a fifty day simple moving average of $6.34 and a two-hundred day simple moving average of $7.77.
Red Cat (NASDAQ:RCAT - Get Free Report) last announced its quarterly earnings results on Wednesday, May 14th. The company reported ($0.27) EPS for the quarter, missing analysts' consensus estimates of ($0.10) by ($0.17). Red Cat had a negative net margin of 232.62% and a negative return on equity of 96.00%. On average, equities research analysts anticipate that Red Cat Holdings, Inc. will post -0.5 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Red Cat
Several hedge funds and other institutional investors have recently modified their holdings of RCAT. Waddell & Associates LLC bought a new stake in Red Cat during the 4th quarter worth approximately $159,643,000. Rockefeller Capital Management L.P. bought a new position in shares of Red Cat in the 4th quarter worth $6,628,000. Captrust Financial Advisors purchased a new position in Red Cat in the fourth quarter worth $4,262,000. Apis Capital Advisors LLC increased its position in shares of Red Cat by 61.7% during the 4th quarter. Apis Capital Advisors LLC now owns 650,000 shares of the company's stock valued at $8,352,000 after purchasing an additional 248,000 shares during the last quarter. Finally, GW Henssler & Associates Ltd. purchased a new position in shares of Red Cat during the 1st quarter valued at about $1,297,000. 37.97% of the stock is currently owned by institutional investors.
Red Cat Company Profile
(
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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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