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 Friday, Red Cat Holdings Inc [NASDAQ:RCAT] saw its stock jump 14.46% to $8.23. Over the last five days, the stock has gained 0.73%. Red Cat Holdings Inc shares have risen nearly 835.23% since the year began. Nevertheless, the stocks have risen 1356.12% over the past one year. While a 52-week high of $12.57 was reached on 12/02/24, a 52-week low of $0.55 was recorded on 02/07/24. SMA at 50 days reached $5.16, while 200 days put it at $2.52.
Levels Of Support And Resistance For RCAT Stock
The 24-hour chart illustrates a support level at 7.44, which if violated will result in even more drops to 6.65. On the upside, there is a resistance level at 8.74. A further resistance level may holdings at 9.25. The Relative Strength Index (RSI) on the 14-day chart is 57.35, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.15, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 74.06%. Stochastics %K at 15.43% indicates the stock is a buying.
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 2024-11-29, growing by 1.76 million shares to a total of 6.88 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 5.12 million shares. There was a rise of 25.57%, which implies that there is a positive sentiment for the stock.
