With 10.41 million shares changed hands, the volume of the stock remained heavier than its average volume of 2.66 million shares. During the session, the Computer Hardware company that operates in wider Technology sector, reached to the highest price of $9.455 whereas the lowest price it dropped to was $7.871. The 52-week range on RCAT shows that it touched its highest point at $10.25 and its lowest point at $0.52 during that stretch. It currently has a 1-year price target of $10.50. Beta for the stock currently stands at 0.12.
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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 76.37%, but this was up by 173.20% over a month. Three-month performance surged to 193.33% while six-month performance rose 736.00%. The stock gained 849.78% in the past year, while it has gained 850.00% so far this year. A look at the trailing 12-month EPS for RCAT yields -0.46 with Next year EPS estimates of 0.08. For the next quarter, that number is -0.09. This implies an EPS growth rate of 66.25% for this year and 159.26% for next year.
Float and Shares Shorts:
At present, 74.29 million RCAT shares are outstanding with a float of 57.08 million shares on hand for trading. On 2024-11-15, short shares totaled 5.23 million, which was 692.99996 higher than short shares on 1728950400. 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 0.1775 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 12.0 and a low target of 9.0, the average target price over the next 12 months is 10.5. Based on these targets, RCAT could surge 43.54% to reach the target high and rise by 7.66% to reach the target low. Reaching the average price target will result in a growth of 25.6% from current levels.
Analysts have provided yearly estimates in a range of -$0.26949 being high and -$0.44051 being low. For RCAT, this leads to a yearly average estimate of -$0.355. The surprise factor in the prior quarter was -$0.07. Based on analyst estimates, the high estimate for the next quarter is -$0.07 and the low estimate is -$0.07. The average estimate for the next quarter is thus -$0.07.
