Red Cat (NASDAQ:RCAT) Stock Price Down 4.9% – Time to Sell?

Shares of Red Cat Holdings, Inc. (NASDAQ:RCAT) were down 4.9% during trading on Friday . The company traded as low as $7.54 and last traded at $7.64. 6,534,184 shares traded hands during trading, a decline of 54% from the average daily volume of 14,334,161 shares. The stock had previously closed at $8.03.

Wall Street Analyst Weigh In

Several research analysts recently commented on RCAT shares. Clear Str raised shares of Red Cat to a “strong-buy” rating in a report on Wednesday, April 29th. Wall Street Zen cut shares of Red Cat from a “sell” rating to a “strong sell” rating in a report on Saturday, July 18th. UBS Group started coverage on Red Cat in a research report on Wednesday, May 27th. They set a “buy” rating on the stock. LADENBURG THALM/SH SH raised Red Cat to a “strong-buy” rating in a report on Wednesday, May 6th. Finally, Roth Capital started coverage on Red Cat in a research report on Monday, June 1st. They issued a “buy” rating and a $25.00 price target for the company. Two research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Red Cat presently has a consensus rating of “Buy” and an average price target of $21.40.

Red Cat Price Performance

The stock has a market capitalization of $936.51 million, a PE ratio of -10.90 and a beta of 1.29. The business’s fifty day moving average price is $10.38 and its 200-day moving average price is $12.15.

Red Cat (NASDAQ:RCAT) last released its quarterly earnings data on Thursday, May 7th. The company reported ($0.22) EPS for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.10). The firm had revenue of $15.47 million during the quarter, compared to the consensus estimate of $17.63 million. Red Cat had a negative net margin of 138.36% and a negative return on equity of 35.86%. The business’s quarterly revenue was up 849.1% compared to the same quarter last year. On average, analysts expect that Red Cat Holdings, Inc. will post -0.67 earnings per share for the current fiscal year.

Insider Transactions at Red Cat

In other Red Cat news, Director Paul Funk II sold 165,028 shares of the stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $11.50, for a total value of $1,897,822.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 12.50% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in RCAT. Tudor Investment Corp ET AL increased its position in shares of Red Cat by 214.0% in the third quarter. Tudor Investment Corp ET AL now owns 1,277,523 shares of the company’s stock worth $13,222,000 after purchasing an additional 870,612 shares during the last quarter. EVR Research LP bought a new stake in Red Cat during the fourth quarter valued at approximately $1,705,000. Caitong International Asset Management Co. Ltd lifted its position in Red Cat by 1,825.1% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 54,152 shares of the company’s stock valued at $429,000 after purchasing an additional 51,339 shares during the last quarter. Vanguard Group Inc. grew its stake in Red Cat by 9.0% in the 4th quarter. Vanguard Group Inc. now owns 6,000,037 shares of the company’s stock worth $47,580,000 after buying an additional 493,660 shares in the last quarter. Finally, UBS Group AG grew its stake in Red Cat by 37.7% in the 4th quarter. UBS Group AG now owns 580,099 shares of the company’s stock worth $4,600,000 after buying an additional 158,864 shares in the last quarter. Institutional investors own 37.97% of the company’s stock.

Red Cat Company Profile

Red Cat Holdings, Inc (NASDAQ: RCAT) is a technology holding company that develops and delivers advanced robotics, autonomy, and sensing solutions for defense, national security, public safety and commercial customers. Headquartered in American Fork, Utah, the company brings together a portfolio of specialized operating businesses focused on unmanned aerial systems (UAS), mission management software, precision mapping sensors and engineering services.

Through its UAS segment, Red Cat designs and manufactures small to medium-sized fixed-wing and vertical-takeoff drones that support intelligence, surveillance and reconnaissance (ISR) missions.