Summary
Red Cat Holdings (RCAT) has shown exceptional price appreciation, gaining 244.15% since the Trend Seeker buy signal on 11/5.
The company offers advanced drone technology, providing critical intelligence and situational awareness to military and public safety officials.
Barchart's technical indicators are highly favorable, with 100% buy signals, a 1,260.69% gain in the last year, and a strong RSI of 83.96%.
Analysts are optimistic, with strong buy ratings and price targets between $9 and $12, supported by significant revenue and earnings growth projections.
The Chart of the Day belongs to the drone technology company Red Cat (RCAT) . I found the stock by using Barchart's powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum and having a Trend Seeker buy signal then used the Flipchart feature to review the charts for consistent price appreciation. Since the Trend Seeker signaled a buy on 11/5 the stock gained 244.15%.
RCAT Price vs Daily Moving Averages:
Red Cat Holdings, Inc., together with its subsidiaries, provides various products, services, and solutions to the drone industry in the United States. The company offers integrated robotic hardware and software to provide critical situational awareness and actionable intelligence to on-the-ground warfighters, battle commanders, firefighters, and public safety officials. It also offers Teal 2, a small and unmanned aircraft system that utilizes intelligence, surveillance, and reconnaissance technology to deliver time-critical information to warfighters for them to make faster and smarter decisions. Red Cat Holdings, Inc. is based in San Juan, Puerto Rico.
Barchart's Opinion Trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 20 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report.
Barchart Technical Indicators:
- 100% technical buy signals
- 511.64 Weighted Alpha
- 1,260.69% gain in the last year
- Trend Seeker buy signal
- ..07 - 60 month Beta
- Above its 20, 50 and 100 day moving averages
- 15 new highs and up 258.84% in the last month
- Relative Strength Index 83.96%
- Technical support level at $10.41
- Recently traded at $11.71 with 50 day moving average of $4.06
Fundamental Factors:
- Market Cap $888 million
- Revenue expected to grow 233.18% this year and another 77.65% next year
- Earnings are estimated to increase by another 115.38% next year
Analysts and Investor Sentiment -- I don't buy stocks because everyone else is buying but I do realize that if major firms and investors are dumping a stock it's hard to make money swimming against the tide:
- Wall Street analyst gave 2 strong buy opinions on the stock
- Analysts' price targets are between $9 and 12
- 2,780 investors monitor the stock on Seeking Alpha
Additional disclosure: The Barchart Chart of the Day highlights stocks that are experiencing exceptional current price appreciation. They are not intended to be buy recommendations as these stocks are extremely volatile and speculative. Should you decide to add one of these stocks to your investment portfolio it is highly suggested you follow a predetermined diversification and moving stop loss discipline that is consistent with your personal investment risk tolerance and reevaluate your stop losses at least on a weekly basis.
On the date of publication, Jim Van Meerten did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
