Red Cat Holdings sinks to strong sell, following earnings miss

Wall Street Zen downgraded Red Cat Holdings (NASDAQ:RCAT) from a sell to a strong sell rating on July 18, 2026. This move introduces a more bearish outlook for the company.

Red Cat recently reported an earnings per share of -$0.22. This result missed the consensus estimate of -$0.12. Revenue also fell short of analyst expectations.

MarketBeat reports that the broader consensus for the stock remains a buy. Some analysts continue to hold a positive view despite the recent earnings performance.