With 1.14 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.46 million shares. During the session, the Computer Hardware company that operates in wider Technology sector, reached to the highest price of $3.45 whereas the lowest price it dropped to was $3.17. The 52-week range on RCAT shows that it touched its highest point at $3.94 and its lowest point at $0.52 during that stretch. It currently has a 1-year price target of $4.50. Beta for the stock currently stands at -0.36.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of RCAT was up-trending over the past week, with a rise of 4.27%, but this was up by 10.32% over a month. Three-month performance surged to 76.29% while six-month performance rose 178.05%. The stock gained 269.73% in the past year, while it has gained 288.64% so far this year.
Float and Shares Shorts:
At present, 74.29 million RCAT shares are outstanding with a float of 58.10 million shares on hand for trading. On 2024-10-15, short shares totaled 4.66 million, which was 618.0 higher than short shares on 1726185600. In addition to Mr. Jeffrey M. Thompson as the firm’s Founder, Chairman, President & CEO, Ms. Leah Lunger serves as its CFO, Principal Financial Officer & Interim Principal Accounting Officer.
Institutional Ownership:
Through their ownership of 0.19009 of RCAT’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-07-31, RCAT reported revenue of $2776535.0 and operating income of -$7634437.0. The EBITDA in the recently reported quarter was -$3058979.0 and diluted EPS was -$0.17.
Analysts Ratings:
In the same way, a target price assigned to a stock can also reveal much about its potential. With RCAT analysts setting a high price target of 5.0 and a low target of 4.0, the average target price over the next 12 months is 4.5. Based on these targets, RCAT could surge 46.2% to reach the target high and rise by 16.96% to reach the target low. Reaching the average price target will result in a growth of 31.58% from current levels.
Analysts have provided yearly estimates in a range of -$0.355 being high and -$0.355 being low. For RCAT, this leads to a yearly average estimate of -$0.355.
