As this happened, 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 -13.01% to $8.36. Over the last five days, the stock has gained 76.37%. Red Cat Holdings Inc shares have risen nearly 850.00% since the year began. Nevertheless, the stocks have risen 849.78% over the past one year. While a 52-week high of $10.25 was reached on 11/25/24, a 52-week low of $0.52 was recorded on 02/07/24. SMA at 50 days reached $3.75, while 200 days put it at $2.04.
Levels Of Support And Resistance For RCAT Stock
The 24-hour chart illustrates a support level at 7.67, which if violated will result in even more drops to 6.98. On the upside, there is a resistance level at 9.25. A further resistance level may holdings at 10.14. The Relative Strength Index (RSI) on the 14-day chart is 75.16, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.43, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 26.85%. Stochastics %K at 84.75% indicates the stock is a selling.
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 2024-11-15, growing by 0.56 million shares to a total of 5.23 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 4.66 million shares. There was a rise of 10.81%, which implies that there is a positive sentiment for the stock.
