Red Cat Holdings, Inc. (NASDAQ:RCAT – Get Free Report) CRO Geoffrey Wayne Hitchcock sold 113,823 shares of the business’s stock in a transaction on Friday, December 20th. The stock was sold at an average price of $10.44, for a total transaction of $1,188,312.12. Following the completion of the sale, the executive now directly owns 558,325 shares of the company’s stock, valued at $5,828,913. This represents a 16.93 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Red Cat Trading Down 8.6 %
RCAT opened at $12.26 on Friday. Red Cat Holdings, Inc. has a 12 month low of $0.56 and a 12 month high of $14.91. The business’s 50-day moving average price is $6.79 and its 200-day moving average price is $3.88. The company has a market cap of $982.77 million, a P/E ratio of -26.65 and a beta of 1.33.
Red Cat (NASDAQ:RCAT – Get Free Report) last posted its quarterly earnings results 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 return on equity of 66.19% and a negative net margin of 162.50%. During the same period in the prior year, the business earned ($0.11) EPS. Equities research analysts forecast that Red Cat Holdings, Inc. will post -0.39 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Red Cat
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.
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