Jim Cramer on Red Cat (RCAT): “It’s Not Making Any Money”

We recently published a list of Jim Cramer Had These 21 Stocks on His Radar. In this article, we are going to take a look at where Red Cat Holdings, Inc. (NASDAQ:RCAT) stands against other stocks that Jim Cramer discusses.

Answering a caller’s question about Red Cat Holdings, Inc. (NASDAQ:RCAT), Cramer remarked:

“No, no. Look, Red Cat is an absolute, this is a, it’s got everything you want. It’s got drones, it’s got flight recorders, it’s got this stuff. And you know what? It’s just one darn crazy stock. But I’ll tell you, it’s not making any money. So right now you’re going to have to go to another show. There’s many shows, you can call in on them, and they’ll say, Red Cat, Blue Cat, and go buy it.”

Red Cat (NASDAQ:RCAT) provides drone-related products and services, including cloud-based software, analytics, and storage. Furthermore, the company supplies drones, parts, and advanced UAV technology for military, government, and commercial use. In February, Cramer commented:

“This one just happens to be a personal favorite of our chief scientist, Ben Stoto. We talk about Red Cat a lot. It’s a data analytics company, and you know what? I’m going to tell you, you can buy it. You really can. Because if it doubled, you’d feel like an idiot for not buying Red Cat.”

Overall, RCAT ranks 19th on our list of stocks that Jim Cramer discusses. While we acknowledge the potential of RCAT as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than RCAT and that has 100x upside potential, check out our report about this cheapest AI stock.

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