Red Cat Holdings is trading at $7.08 (-5.03%) after Northland Securities lowered its Q2 2026 EPS estimate, signaling a deeper expected quarterly loss for the company.
- The analyst revision has intensified selling pressure on the stock, extending a downward trend that began during the July 28 session.
- Broader defense sector stocks are also experiencing weakness as risk-off market sentiment and geopolitical tensions weigh on the industry.