Red Cat Holdings Inc’s recent filing unveils that 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 $3.13 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 $3.08 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 Thursday, Red Cat Holdings Inc [NASDAQ:RCAT] saw its stock fall -0.97% to $5.13. Over the last five days, the stock has lost -11.55%. Red Cat Holdings Inc shares have fallen nearly -60.08% since the year began. Nevertheless, the stocks have risen 358.04% over the past one year. While a 52-week high of $15.27 was reached on 01/06/25, a 52-week low of $0.80 was recorded on 03/11/25. SMA at 50 days reached $6.65, while 200 days put it at $5.52.
Levels Of Support And Resistance For RCAT Stock
The 24-hour chart illustrates a support level at 5.00, which if violated will result in even more drops to 4.88. On the upside, there is a resistance level at 5.26. A further resistance level may holdings at 5.38. The Relative Strength Index (RSI) on the 14-day chart is 40.83, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.88, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 94.63%. Stochastics %K at 8.79% 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 2025-03-31, dropping by -4.69 million shares to a total of 9.83 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-28 was 14.52 million shares. There was a decline of -47.76%, which implies that there is a negative sentiment for the stock.
