Royalty Management (NASDAQ:RMCO) Trading Up 1.3% – Here’s What Happened

Royalty Management Holding Corporation (NASDAQ:RMCO) traded up 1.3% on Thursday . The company traded as high as $2.54 and last traded at $2.43. 22,171 shares changed hands during trading, a decline of 69% from the average session volume of 71,907 shares. The stock had previously closed at $2.40.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. William Blair began coverage on shares of Royalty Management in a report on Monday, October 20th. They issued an “outperform” rating on the stock. Zacks Research raised Royalty Management to a “hold” rating in a research note on Tuesday, October 21st. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Royalty Management in a research note on Wednesday, October 8th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Royalty Management Price Performance

The firm’s 50 day simple moving average is $2.92 and its two-hundred day simple moving average is $2.04. The stock has a market capitalization of $36.79 million, a P/E ratio of -243.00 and a beta of -0.04.

Royalty Management (NASDAQ:RMCO) last issued its earnings results on Thursday, November 13th. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.05). Royalty Management had a negative net margin of 9.22% and a negative return on equity of 2.94%. The firm had revenue of $1.30 million during the quarter, compared to analyst estimates of $2.00 million.

About Royalty Management

Royalty Management Holding Corporation provides environmental consulting and services in the United States. It is also involved in investing or purchasing assets, such as real estate and mining permits, patents, intellectual property, and emerging technologies. The company was incorporated in 2021 and is based in Fishers, Indiana.