Red Cat Holdings (RCAT) Tests Its Valuation As Blue Ops Partnership Draws Attention

Red Cat Holdings (RCAT) is back in focus after its Blue Ops maritime unit announced a partnership with Florida Atlantic University’s Harbor Branch Oceanographic Institute, giving the defense robotics specialist access to a large, secure test facility. Recent trading tells a different story to the upbeat Blue Ops headlines. The share price has fallen 32% over the past month and 35% year to date, with a 1-year total shareholder return decline of 60%, even though the 3-year total shareholder...