Red Cat Holdings Inc (RCAT) Stock Trading Recap
On Tuesday, Red Cat Holdings Inc (RCAT) stock saw a decline, ending the day at $8.36 which represents a decrease of $-1.25 or -13.01% from the prior close of $9.61. The stock opened at $8.97 and touched a low of $7.87 during the day, reaching a high of $9.46. The volume of shares traded was 10.41 million exceeding the average volume of 2.66 million.
RCAT Stock Performance and Moving Averages
In recent trading, Red Cat Holdings Inc (RCAT) stock price has shown some volatility, fluctuating 76.37% over the last five trades and 173.20% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by 736.00%, and it has gained 193.33% in the previous three months. Currently, RCAT is trading at 72.32%, 122.76%, and 310.40% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
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As of the latest trading close, RCAT, a Technology sector stock, is trading -18.44% below its 52-week high but remains 1492.38% above its 52-week low. The Average True Range (ATR) (14 days) of 0.87 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
Red Cat Holdings Inc’s Profitability and Valuation Ratios
Red Cat Holdings Inc’s profitability metrics reveal financial health. The company currently boasts an operating margin of -115.35% and a profit margin of -162.52%, with a gross margin of 736.00%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, Red Cat Holdings Inc’s market capitalization stands at $630.89 million. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. The forward P/E ratio, which uses projected earnings for the next financial year, is 104.5. Additionally, the Price-to-Sales Ratio is 33.45, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 19.29, comparing the market value to the company’s book value.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 24.36% of Red Cat Holdings Inc (RCAT)’s shares, while financial institutions hold 16.81%.
