In the meantime, Ladenburg Thalmann initiated its Red Cat Holdings Inc [RCAT] rating to a Buy in a research note published on June 14, 2024; the price target was $4.
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Price Performance Review of RCAT
On Tuesday, Red Cat Holdings Inc [NASDAQ:RCAT] saw its stock fall -3.27% to $4.74. Over the last five days, the stock has gained 19.40%. Red Cat Holdings Inc shares have risen nearly 438.64% since the year began. Nevertheless, the stocks have risen 438.51% over the past one year. While a 52-week high of $5.62 was reached on 11/18/24, a 52-week low of $0.52 was recorded on 02/07/24. SMA at 50 days reached $3.23, while 200 days put it at $1.85.
Levels Of Support And Resistance For RCAT Stock
The 24-hour chart illustrates a support level at 4.40, which if violated will result in even more drops to 4.05. On the upside, there is a resistance level at 5.12. A further resistance level may holdings at 5.49. The Relative Strength Index (RSI) on the 14-day chart is 72.35, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.98, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 33.08%. Stochastics %K at 74.91% indicates the stock is a holding.
How much short interest is there in Red Cat Holdings Inc?
A steep rise in short interest was recorded in Red Cat Holdings Inc stocks on 2024-10-31, dropping by -0.65 million shares to a total of 5.12 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 5.77 million shares. There was a decline of -12.75%, which implies that there is a negative sentiment for the stock.
