Red Cat (NASDAQ:RCAT) Research Coverage Started at LADENBURG THALM/SH SH

LADENBURG THALM/SH SH initiated coverage on shares of Red Cat (NASDAQ:RCAT) in a research report sent to investors on Friday morning, MarketBeat Ratings reports. The firm issued a buy rating and a $4.00 price target on the stock.

Red Cat Trading Up 7.2 %

NASDAQ RCAT opened at $1.04 on Friday. Red Cat has a 1 year low of $0.53 and a 1 year high of $1.65. The firm has a market capitalization of $77.25 million, a price-to-earnings ratio of -2.00 and a beta of -0.16. The firm’s 50 day simple moving average is $1.10 and its 200 day simple moving average is $0.87.

Red Cat (NASDAQ:RCAT) last issued its quarterly earnings results on Monday, March 18th. The company reported ($0.04) earnings per share (EPS) for the quarter. Red Cat had a negative net margin of 206.42% and a negative return on equity of 52.40%. The business had revenue of $5.85 million during the quarter.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in RCAT. AIGH Capital Management LLC acquired a new position in Red Cat during the 4th quarter worth approximately $4,423,000. Worth Venture Partners LLC acquired a new position in shares of Red Cat during the fourth quarter worth $1,101,000. PVG Asset Management Corp bought a new position in shares of Red Cat in the 4th quarter valued at $230,000. Finally, Gladstone Institutional Advisory LLC acquired a new stake in shares of Red Cat during the 4th quarter valued at $41,000. Institutional investors own 37.97% of the company’s stock.

Red Cat Company Profile

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.