Is Red Cat Holdings (RCAT) Above Fair Value Based On Sales?

Red Cat Holdings has seen its share price swing sharply in recent years, which puts fresh focus on what investors are really paying for. The core question is how well the current market value lines up with its sales. Over the past 3 years, Red Cat Holdings has delivered a very large share price gain. This raises the stakes on whether the sales base can support that kind of move. The business model depends heavily on turning its revenue pipeline into consistent cash generation. Any change in...