Streetbeat News

RCAT

Red Cat Holdings, Inc.

https://www.redcatholdings.com

Industry

Computer Hardware

Red Cat Holdings, Inc., through its subsidiaries, provides various products, services, and solutions to the drone industry. It offers commercial and government unmanned aerial vehicle technology for reconnaissance, public safety, and inspection applications. The company also provides First Person View (FPV) video goggles; and software and hardware solutions that enable drones to complete inspection services in locations where global positioning systems are not available. In addition, it is involved in the sales of FPV drones and equipment primarily to the consumer marketplace. Red Cat Holdings, Inc.is based in San Juan, Puerto Rico.

Open

3.55

Mkt cap

274M

Volume

947K

High

3.67

P/E Ratio

-8.67

52-wk high

3.94

Low

3.42

Div yield

N/A

52-wk low

0.53

Red Cat Holdings, Inc. (NASDAQ:RCAT) has secured a contract with the Royal Australian Navy for 12 FlightWave Edge 130 Blue systems, facilitated by Criterion Solutions Pty Ltd. This highlights Red Cat's expansion in military drone technology.

Portfolio Pulse from Benzinga Newsdesk

October 28, 2024 | 7:52 pm

Red Cat Holdings has secured a $1 million contract for its FlightWave Edge 130 Blue drone, indicating potential growth and increased revenue for the company.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 1:17 pm

The article highlights unusual options activity for several information technology stocks, indicating potential trading opportunities. Notable mentions include bullish sentiment for NVDA, AMD, and SMCI, while bearish sentiment is observed for PLTR, FROG, ENPH, GLW, and RCAT. AAPL and MSTR show neutral sentiment.

Portfolio Pulse from Benzinga Insights

October 11, 2024 | 5:35 pm

Several information technology stocks experienced significant price movements during Tuesday's intraday session. Notable gainers included Wellchange Holdings, Red Cat Holdings, and Veritone, while Sobr Safe, Cemtrex, and OneConnect Financial Tech were among the biggest losers.

Portfolio Pulse from Benzinga Insights

October 08, 2024 | 4:30 pm

Red Cat shares rose following the announcement of a $1.6 million contract for Edge 130 Blue Drones.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 4:11 pm

Red Cat Holdings has secured $1.6 million in contracts for its Edge 130 Blue drones, which are military-grade tricopters approved for use by the U.S. Customs & Border Protection. The contract was facilitated by Darley and coordinated by the U.S. Defense Logistics Agency.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 11:05 am

Red Cat shares are trading higher following the announcement of a partnership with Palladyne AI to integrate AI into their teal drones, enabling autonomous operation.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 7:52 pm

Red Cat Holdings and Palladyne AI have partnered to integrate AI into Teal drones, enhancing their autonomous capabilities. This collaboration will be showcased at the AUSA annual meeting in October 2024.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 1:08 pm

Red Cat Holdings shares declined following the release of disappointing Q1 financial results.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 2:53 pm

The S&P 500 reached a new record high as investor sentiment improved, though the Fear & Greed Index remains in the 'Greed' zone. The S&P 500, Dow, and Nasdaq all posted weekly gains. Investors are anticipating earnings from AAR Corp. and Red Cat Holdings.

Portfolio Pulse from Avi Kapoor

September 24, 2024 | 7:53 am

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