How have the shares performed?
Red Cat Holdings Inc. (RCAT) saw downtrend of -4.26% in the recent trading with $2.47 being its most recent. The current price level -68.13% lower than the highest price of $7.75 marked by the stock while trading over the past 52-weeks, whereas it is 357.41% higher than the lowest price of $0.54 the company dropped to over past 52-weeks. The latest news story on RCAT appeared in PR Newswire under the title “Red Cat Holdings to Ring Closing Bell of Nasdaq Stock Market on May 26, 2021” on May-25-21.
Squeezing the time span to 30 day period shows us the stock is currently trading -40.48% below one month high and is +0.82% above of the lowest during that time. Looking into the simple moving average, Red Cat Holdings Inc. (RCAT)’s stock stands at a SMA-50 of $3.71 while that of 5-day is reading $2.57.
Daily rise and fall of price influence many of the traders, and in order to overcome the fluctuating effect of that and to watch the stock closely, traders focus more on stock’s 200-day moving average. At various points in trading activity, investors are more likely to be making use of that measure as a strong indicator in figuring out their support and resistance levels, and RCAT’s SMA-200 as of now is $2.63.
Red Cat Holdings Inc. Earnings – What Happened With RCAT
Coming around sales and income figures, publically trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor. During the reported three-month period, company’s sales were $2.15 billion.
RCAT – Red Cat Holdings Inc. Stock Earnings Estimates
Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 26.23 million. RCAT does have institutional investors; and they hold 1.60% of the stock.
Red Cat Holdings Inc. – Insider Activity and Holdings
Moreover, the latest SEC filings also revealed that stock came across 10 new insider purchases involving 539,321 shares. On the other hand, RCAT declared 0 shares have been sold in 0 insider transactions over the past three months.
The liquidity is a key characteristic of any stock and is the main point of focus of both short-term as well as long term investors before start trading into a stock. The count was 30.20 for long-term debt to equity ratio.
Red Cat Holdings Inc.’s return on equity, or ROE, is 693.40%, compared to the industry average of 4.66% for Technology – Software – Application. Although this indicates that RCAT uses its equity well, the metric will vary significantly depending on the industry.
Technical Analysis of Red Cat Holdings Inc. (NASDAQ:RCAT) stock
To comprehend better with the trade moves and investors’ behavior, exploring the short, medium and long term technical indicators along with average volume of a stock is an effective way to make use of. When looking into those indicators for Red Cat Holdings Inc. (RCAT), we notice that the stock’s 20-day average volume is at 212,125 shares and 50% of short term indicators are suggesting the stock as Sell. Its 50-day average volume of 138,554 shares. And to end, RCAT’s 100-day average volume is 93,080 shares with 50% of the long-term indicators pointing towards Sell for the stock.