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

Red Cat (NASDAQ:RCAT) is projected to announce 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 (EPS) for the quarter, missing the consensus estimate 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 last year, the company posted ($0.11) earnings per share. 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 Stock Up 15.0 %

Shares of NASDAQ:RCAT opened at $5.66 on Friday. The company has a quick ratio of 0.60, a current ratio of 1.43 and a debt-to-equity ratio of 0.30. Red Cat has a 52-week low of $0.70 and a 52-week high of $15.27. The company has a 50 day moving average of $8.44 and a two-hundred day moving average of $6.57. The company has a market capitalization of $453.71 million, a price-to-earnings ratio of -10.48 and a beta of 1.32.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Northland Capmk raised shares of Red Cat to a “strong-buy” rating in a research report on Monday, March 10th. Northland Securities assumed coverage on shares of Red Cat in a research report on Tuesday, March 11th. They issued an “outperform” rating and a $13.00 price objective for the company.

Insider Transactions at Red Cat

In other news, Director Nicholas Reyland Liuzza, Jr. sold 328,928 shares of the firm’s stock in a transaction that occurred on Wednesday, December 18th. The shares were 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 of the company’s stock, valued at approximately $5,646,086.88. This trade represents a 32.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jeffrey M. Thompson sold 392,551 shares of the firm’s stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $11.34, for a total transaction of $4,451,528.34. Following the sale, the chief executive officer now directly owns 13,121,898 shares of the company’s stock, valued at $148,802,323.32. The trade was a 2.90 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,930,441 shares of company stock valued at $21,099,751. 21.50% of the stock is currently 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 raised its stake in Red Cat Holdings, Inc. (NASDAQ:RCAT) by 407.0% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 3,397 shares of the company’s stock after buying 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 SEC filing. 37.97% of the stock is owned by institutional investors and hedge funds.

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.