In a filing, Red Cat Holdings Inc revealed its Director Freedman Joseph David unloaded Company’s shares for reported $0.34 million on Dec 26 ’24. In the deal valued at $13.61 per share,25,000 shares were sold. As a result of this transaction, Freedman Joseph David now holds 610,190 shares worth roughly $3.76 million.
Then, Freedman Joseph David sold 15,000 shares, generating $213,600 in total proceeds. Upon selling the shares at $14.24, the Director now owns 585,190 shares.
Before that, Freedman Joseph David sold 10,000 shares. Red Cat Holdings Inc shares valued at $122,500 were divested by the Director at a price of $12.25 per share. As a result of the transaction, Freedman Joseph David now holds 600,190 shares, worth roughly $3.7 million.
Northland Capital initiated its Red Cat Holdings Inc [RCAT] rating to an Outperform in a research note published on March 11, 2025; the price target was $13. A number of analysts have revised their coverage, including Ladenburg Thalmann’s analysts, who began to cover the stock in mid June with a ‘”a Buy”‘ rating.
Price Performance Review of RCAT
On Friday, Red Cat Holdings Inc [NASDAQ:RCAT] saw its stock fall -9.13% to $6.17. Over the last five days, the stock has gained 4.75%. Red Cat Holdings Inc shares have fallen nearly -51.98% since the year began. Nevertheless, the stocks have risen 661.73% over the past one year. While a 52-week high of $15.27 was reached on 01/06/25, a 52-week low of $0.78 was recorded on 03/11/25. SMA at 50 days reached $7.19, while 200 days put it at $5.30.
Levels Of Support And Resistance For RCAT Stock
The 24-hour chart illustrates a support level at 5.67, which if violated will result in even more drops to 5.17. On the upside, there is a resistance level at 6.55. A further resistance level may holdings at 6.93. The Relative Strength Index (RSI) on the 14-day chart is 48.51, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.82, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 53.66%. Stochastics %K at 71.68% 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 2025-03-14, dropping by -4.73 million shares to a total of 8.04 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-14 was 12.77 million shares. There was a decline of -58.84%, which implies that there is a negative sentiment for the stock.
