RedCloud Shares to Reverse Split on Friday, November 13th (NASDAQ:RCT)

RedCloud Holdings plc (NASDAQ:RCT – Free Report) shares are scheduled to reverse split before the market opens on Friday, November 13th. The 1-20 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Thursday, November 12th.

RedCloud Stock Performance

NASDAQ:RCT opened at $0.06 on Friday. RedCloud has a 52-week low of $0.05 and a 52-week high of $2.34. The stock’s 50 day moving average price is $0.16 and its 200 day moving average price is $0.55.

RedCloud (NASDAQ:RCT – Get Free Report) last released its quarterly earnings results on Friday, August 14th. The company reported ($0.17) EPS for the quarter. The business had revenue of $12.01 million during the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of RedCloud in a report on Monday, September 21st. Two investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, RedCloud presently has an average rating of “Hold” and a consensus target price of $5.25.

View Our Latest Stock Analysis on RCT

Insider Buying and Selling at RedCloud

In related news, Director Nikolaus Senn purchased 2,500,000 shares of the stock in a transaction that occurred on Thursday, August 27th. The shares were purchased at an average price of $0.25 per share, with a total value of $625,000.00. Following the completion of the acquisition, the director directly owned 10,151,524 shares in the company, valued at $2,537,881. This represents a 32.67% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

About RedCloud

(Get Free Report)

RedCloud Holdings plc, operating under the RedCloud brand, provides a business-to-business digital commerce platform designed to connect consumer-goods manufacturers and distributors with small retailers in emerging markets. Its RedCloud Marketplace enables retailers to discover and order products from suppliers through digital channels, while helping brands and distributors expand their reach beyond traditional sales networks.

The company’s platform is focused on the distribution of fast-moving consumer goods, including everyday food, beverage, household and personal-care products.

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