Why Red Cat Stock Crashed Today

Up 66% over the past year, Red Cat Holdings (NASDAQ: RCAT) stock gave back much of its gains this morning, falling 15.2% through 11:50 a.m. ET after announcing plans to issue and sell 23.9 million new shares of stock in an effort to raise $225 million (before fees). Image source: Getty Images.Two months ago, just after Red Cat's most recent "earnings" report (the quote marks are because Red Cat didn't actually "earn" anything, but lost $0.17 per share), I posed the question: "At what point production scale will allow Red Cat to pivot from losing money... to earning profit"?Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool