Red Cat (RCAT) Projected to Post Quarterly Earnings on Monday

Red Cat (NASDAQ:RCAT) will likely be announcing its earnings results before the market opens on Monday, March 17th. Analysts expect the company to announce earnings of ($0.09) per share and revenue of $7.49 million for the quarter. Red Cat has set its FY 2025 guidance at EPS.

Red Cat (NASDAQ:RCAT) last issued its quarterly earnings data on Monday, December 16th. The company reported ($0.18) earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.27). Red Cat had a negative net margin of 232.62% and a negative return on equity of 96.00%. During the same quarter in the prior year, the firm earned ($0.11) EPS. On average, analysts expect Red Cat to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Red Cat Price Performance

Shares of NASDAQ RCAT opened at $5.66 on Friday. Red Cat has a fifty-two week low of $0.70 and a fifty-two week high of $15.27. The firm’s 50-day simple moving average is $8.44 and its 200 day simple moving average is $6.57. The company has a quick ratio of 0.60, a current ratio of 1.43 and a debt-to-equity ratio of 0.30. The stock has a market cap of $453.71 million, a P/E ratio of -10.48 and a beta of 1.32.

Wall Street Analysts Forecast Growth

RCAT has been the topic of a number of recent analyst reports. Northland Capmk upgraded shares of Red Cat to a “strong-buy” rating in a research note on Monday, March 10th. Northland Securities began coverage on shares of Red Cat in a research note on Tuesday, March 11th. They set an “outperform” rating and a $13.00 price objective on the stock.

Insiders Place Their Bets

In other Red Cat news, CRO Geoffrey Wayne Hitchcock sold 113,823 shares of the business’s stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $10.44, for a total value of $1,188,312.12. Following the sale, the executive now directly owns 558,325 shares in the company, valued at approximately $5,828,913. The trade was a 16.93 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Nicholas Reyland Liuzza, Jr. sold 328,928 shares of the business’s stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $8.29, for a total transaction of $2,726,813.12. Following the completion of the sale, the director now owns 681,072 shares in the company, valued at approximately $5,646,086.88. This trade represents a 32.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,930,441 shares of company stock worth $21,099,751. 21.50% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Red Cat

A hedge fund recently raised its stake in Red Cat stock. Bank of America Corp DE increased its stake in Red Cat Holdings, Inc. (NASDAQ:RCAT) by 407.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,397 shares of the company’s stock after purchasing an additional 2,727 shares during the quarter. Bank of America Corp DE’s holdings in Red Cat were worth $44,000 as of its most recent filing with the Securities and Exchange Commission. 37.97% of the stock is owned by institutional investors.

About Red Cat

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.