Red Cat Stock Rises, Long-Term Slide Persists: What's Going On Today? - Red Cat Holdings (NASDAQ:RCAT)
Red Cat Holdings (RCAT) shares rose 2.56% Tuesday despite a Q2 earnings miss. Revenue was $20.19M vs. $22.79M expected, with a loss of 26 cents per share. CEO Jeff Thompson cited increased deliveries and production. Analysts remain bullish, with targets between $9 and $21. The stock is still down 26% from its 200-day average.






