We recently compiled a list of the Why These 24 Stocks Are Skyrocketing. In this article, we are going to take a look at where Red Cat Holdings, Inc. (NASDAQ:RCAT) stands against the other stocks.

One of the strongest stock market anomalies is the momentum effect, which is the tendency of recent past winners to outperform the recent past losers. That’s why we decided to take a look at some of the recent past winners in this article. These 24 companies, predominantly involved in the quantum computing, biotechnology, and technology sectors, have performed significantly well in the final quarter of 2024, registering spectacular returns over the 3 months.

That said, let’s take a look at the top 24 stocks that have skyrocketed and pose a solid growth opportunity in the coming year. We will also explore how well the stocks have performed throughout the year and what they have in store for 2025.

To come up with 24 names, we considered only the stocks that have at least $2 billion in market capitalization and have registered commendable returns in the fourth quarter of 2024.

A military drone hovering in the sky, demonstrating the AI capabilities of the company.

Red Cat Holdings, Inc. (NASDAQ:RCAT)

Q4 Returns as of December 31, 2024: 406%

RCAT has shown solid performance, closing December 31 with a stock price of $12.85, a 406% increase from its $2.54 close on September 30, 2024. In the past year, RCAT’s stock price has jumped by a whopping 1,400%, as of January 10.

The company is revolutionizing the aircraft industry with its intelligent surveillance and precision systems. In the fiscal second quarter of 2025, the company formed several partnerships and secured million-dollar contracts to advance its technology and accelerate its position in the industry.

Red Cat Holdings Inc. (RCAT) also logged revenue worth $4.3 million year-to-date, as of FQ2 2025.

Overall RCAT ranks 5th on our list of the stocks that are skyrocketing right now. While we acknowledge the potential of RCAT as an investment, our conviction lies in the belief that certain AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than RCAT but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

 

READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock.

 

Disclosure: None. This article is originally published at Insider Monkey.