Red Cat Holdings is trading 7.2% down today at $7.28 after Northland Securities cut its Q2 2026 EPS estimate and full-year 2026 loss forecast.
- The downgrade in earnings expectations is weighing on sentiment following a sharp year-to-date rally and recent volatility.
- While broader tech weakness and cautious risk appetite may be adding pressure, the move is primarily tied to the reduced long-term earnings outlook.