Red Cat Holdings Inc RCAT

Technology Scientific & Technical Instruments

Red Cat Holdings Inc is a Puerto Rico-based provider of products, services and solutions to the drone industry. The Company provides its services to the enterprise, military, and consumer markets. It designs, develops, markets, and sells drone software and products. Red Cat's Golden Eagle drones are approved by the Department of Defense for reconnaissance, public safety, and inspection applications. The technology of Skypersonic Inc, a subsidiary of the Company enables drones to complete inspection services in locations where Global Positioning System (GPS) is not available, yet still record and transmit data even while being operated from thousands of miles away. The Company's offering also includes First Person View (FPV) video goggles that give pilots a better perspective to control their drone in flight. Red Cat Holdings Inc operates through several subsidiaries, including Teal Acquisition I Corp and Rotor Riot, LLC.

NDAQ:RCAT - Post by User

Red Cat Holdings Inc

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Post by ProfitLens2001on Nov 20, 2024 11:58am

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Red Cat resistance might open the door

Following its selection for the U.S. Army's Drone Program, Red Cat rallied significantly today. The pattern of higher highs and higher lows is promising, and a break past the $7.80 resistance might open the door for a climb to $29.20.

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