<div id="readability-page-1"><p>Red Cat Holdings, Inc. (NASDAQ:RCAT - Get Free Report) shares rose 11.2% on Thursday . The stock traded as high as $18.02 and last traded at $17.36. Approximately 23,355,225 shares traded hands during mid-day trading, an increase of 31% from the average daily volume of 17,868,811 shares. The stock had previously closed at $15.61.</p><h2>Wall Street Analyst Weigh In</h2><ul><li>Red Cat Revenue Surges 1,800% After Crossing Into Mass Production</li></ul><p>RCAT has been the subject of several analyst reports. Northland Securities  set a $22.00 price objective on Red Cat in a research note on Tuesday. LADENBURG THALM/SH SH upgraded Red Cat to a &#34;strong-buy&#34; rating in a research report on Thursday, December 18th. Needham &amp; Company LLC lifted their price objective on Red Cat from $12.00 to $16.00 and gave the company a &#34;buy&#34; rating in a research report on Tuesday, January 13th. Weiss Ratings  reissued a &#34;sell (d-)&#34; rating on shares of Red Cat in a report on Wednesday, October 8th. Finally, Wall Street Zen downgraded shares of Red Cat from a &#34;hold&#34; rating to a &#34;sell&#34; rating in a report on Saturday, October 4th. Two equities research analysts have rated the stock with a Strong Buy rating, one  has assigned  a Buy rating and one  has assigned  a Sell rating to the stock. According to MarketBeat, Red Cat  has an average rating of &#34;Buy&#34; and a consensus price target of $19.00.</p><p><b>Check Out Our Latest Report on Red Cat</b></p><h2>Red Cat Stock Up 11.2%</h2><ul><li>MarketBeat Week in Review – 07/28 - 08/01</li></ul><p>The stock has a market capitalization of $2.07 billion, a price-to-earnings ratio of -39.45 and a beta of 1.48. The business's 50-day moving average is $9.05 and its two-hundred day moving average is $9.77. </p><p>Red Cat (NASDAQ:RCAT - Get Free Report) last released its earnings results on Thursday, November 13th. The company reported ($0.16) earnings per share for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.09). The business had revenue of $9.65 million for the quarter, compared to analyst estimates of $8.18 million.  As a group, analysts forecast that  Red Cat Holdings, Inc. will post -0.5 EPS for the current fiscal year. </p><h2>Institutional Trading of Red Cat</h2><ul><li>This Drone Stock Is on Sale Despite Big Army Contract</li></ul><p>Several large investors have recently added to or reduced their stakes in RCAT. IFP Advisors Inc raised its holdings in shares of  Red Cat by 181.1% during the 3rd quarter. IFP Advisors Inc now owns 2,670 shares of the company's stock worth $28,000 after acquiring an additional 1,720 shares during the period.  Montag A &amp; Associates Inc. increased its position in  Red Cat by 552.0% during the third quarter. Montag A &amp; Associates Inc. now owns 3,260 shares of the company's stock worth $34,000 after purchasing an additional 2,760 shares during the last quarter.  California State Teachers Retirement System purchased a new position in  Red Cat during the second quarter worth about $34,000.  Global Retirement Partners LLC acquired a new position in  Red Cat in the 3rd quarter valued at about $36,000.  Finally, Caitong International Asset Management Co. Ltd boosted its holdings in  Red Cat by 28,681.0% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 6,044 shares of the company's stock valued at $44,000 after purchasing an additional 6,023 shares during the last quarter. 37.97% of the stock is currently owned by hedge funds and other institutional investors. </p><h2>Red Cat Company Profile</h2> (Get Free Report)<p>Red Cat Holdings, Inc <span>NASDAQ: RCAT<span></span></span> is a technology holding company that develops and delivers advanced robotics, autonomy, and sensing solutions for defense, national security, public safety and commercial customers. Headquartered in American Fork, Utah, the company brings together a portfolio of specialized operating businesses focused on unmanned aerial systems (UAS), mission management software, precision mapping sensors and engineering services. </p><p>Through its UAS segment, Red Cat designs and manufactures small to medium-sized fixed-wing and vertical-takeoff drones that support intelligence, surveillance and reconnaissance (ISR) missions.</p><h2>Further Reading</h2><ul><li>Five stocks we like better than Red Cat</li><li>Trump’s AI Secret: 100X Faster Than Nvidia</li><li>The Crash Has Already Started (Most Just Don’t See It Yet)</li><li>New gold price target</li><li>Trump Planning to Use Public Law 63-43: Prepare Now</li><li>Your Bank Account Is No Longer Safe</li></ul><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Red Cat Right Now?</h2><p>Before you consider Red Cat, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Red Cat wasn't on the list.</p><p>While Red Cat currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

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<p>Red Cat Holdings, Inc. (NASDAQ:RCAT) shares surged 11.2% to $17.36, with a trading volume increase of 31%. Analysts have mixed ratings, with Northland Securities setting a price target of $22.00 and Needham raising theirs to $16.00. The company reported a revenue of $9.65 million but missed EPS estimates. Institutional investors have increased their stakes significantly, with 37.97% of shares held by hedge funds. Red Cat specializes in advanced robotics and unmanned aerial systems for various sectors.</p>

Red Cat (NASDAQ:RCAT) Trading Up 11.2% - Still a Buy?