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.

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Red Cat Holdings has signed a Letter of Intent (LOI) to acquire FlightWave Aerospace Systems, a company specializing in advanced unmanned aerial systems. This acquisition aims to enhance Red Cat's product offerings and market reach in the drone technology sector.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 11:01 am

The article highlights the performance of various Information Technology stocks during Friday's after-market session. Notable gainers include Photronics, CommScope Holding, and Comtech Telecom, while significant losers include Ascent Solar Technologies, Red Cat Holdings, and Viasat.

Portfolio Pulse from Benzinga Insights

May 24, 2024 | 8:31 pm

In Friday's intraday session, several Information Technology stocks showed significant movement. Notably, Arteris, Upland Software, and Luna Innovations were among the top gainers, while Sprout Social, Red Cat Holdings, and GSI Technology led the losers. The movements were largely driven by the release of quarterly earnings reports.

Portfolio Pulse from Benzinga Insights

May 03, 2024 | 4:31 pm

In Wednesday's intraday session, 12 Information Technology stocks showed significant movement. Notably, ReAlpha Tech Corp (AIRE), NextTrip (NTRP), and Ribbon Comms (RBBN) were among the top gainers, with AIRE and RBBN's movements attributed to their Q1 earnings reports. On the downside, Brand Engagement Network (BNAI), Cemtrex (CETX), and Teledyne Technologies (TDY) led the losers, with TDY's drop also linked to its Q1 earnings report.

Portfolio Pulse from Benzinga Insights

April 24, 2024 | 4:31 pm

In Friday's after-market session, several Information Technology stocks showed notable movements. ARB IOT Group, Quantum, EMCORE, Banzai International, WaveDancer, and Axcelis Technologies were among the gainers, with increases ranging from 4.54% to 11.9%. Conversely, Sobr Safe, VIA optronics, X3 Holdings, Rekor Systems, GRIID Infrastructure, and Red Cat Holdings experienced declines between 2.68% and 11.5%.

Portfolio Pulse from Benzinga Insights

April 19, 2024 | 8:31 pm

In Thursday's after-market session, 12 Information Technology stocks showed notable movements. Gainers included Ostin Technology Group (OST) with a 9.0% increase, Bitdeer Technologies (BTDR) up by 4.47%, and XIAO-I (AIXI) rising 4.44%. On the losing end, VIA optronics (VIAO) dropped 13.8%, UTime (WTO) fell by 5.0%, and Akoustis Technologies (AKTS) declined by 4.06%. These movements reflect significant volatility in the tech sector, with specific companies experiencing notable changes in their stock prices.

Portfolio Pulse from Benzinga Insights

April 18, 2024 | 8:31 pm

In Thursday's intraday session, several Information Technology stocks experienced significant movements. Notably, Smith Micro Software (SMSI) surged 27.2%, and MicroCloud Hologram (HOLO) increased by 24.33%. On the downside, WiSA Technologies (WISA) plummeted by 33.5%. Badger Meter (BMI) also stood out with a 15.24% rise following their Q1 earnings release.

Portfolio Pulse from Benzinga Insights

April 18, 2024 | 4:31 pm

In Thursday's pre-market session, several information technology stocks showed significant movement. MicroCloud Hologram, Verb Tech, Red Cat Holdings, Rekor Systems, Smith Micro Software, and Mercurity Fintech Holding were among the gainers, with increases ranging from 11.88% to 48.7%. On the downside, Canaan, VIA optronics, Spectaire Holdings, X3 Holdings, Infosys, and DatChat experienced declines between 5.73% and 22.4%. Infosys's drop was notable following its Q4 earnings release.

Portfolio Pulse from Benzinga Insights

April 18, 2024 | 12:09 pm

Red Cat Holdings, Inc. has entered into a partnership with Sentien Robotics. This collaboration will allow organizations utilizing Sentien's Hive UAS management platforms to incorporate Teal drones into their autonomous drone swarming strategies. These strategies are aimed at enhancing defense and security operations across various domains including land, air, and sea.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 10:35 am

As of April 16, 2024, Red Cat Holdings, Inc. (RCAT), Edgio, Inc. (EGIO), Vislink Technologies, Inc. (VISL), and Cheetah Mobile Inc. (CMCM) are identified as overbought tech stocks based on their RSI values, indicating potential short-term performance concerns. RCAT, EGIO, and VISL have shown significant gains following positive financial updates, while CMCM experienced a jump despite a decline in FY sales.

Portfolio Pulse from Avi Kapoor

April 16, 2024 | 12:35 pm

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