Royalty Management (NASDAQ:RMCO) Issues Earnings Results

Royalty Management (NASDAQ:RMCO) announced its quarterly earnings data on Thursday. The company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.05), FiscalAI reports. The company had revenue of $1.30 million for the quarter. Royalty Management had a negative return on equity of 2.12% and a negative net margin of 9.62%.

Royalty Management Stock Down 2.5%

Shares of NASDAQ RMCO traded down $0.08 during midday trading on Friday, hitting $2.98. 20,411 shares of the company’s stock were exchanged, compared to its average volume of 63,156. Royalty Management has a 12 month low of $0.90 and a 12 month high of $4.76. The firm has a market capitalization of $43.82 million, a PE ratio of -297.50 and a beta of -0.06. The company’s 50 day moving average price is $2.74 and its 200 day moving average price is $1.84.

Analyst Ratings Changes

RMCO has been the subject of several recent analyst reports. Weiss Ratings restated a “sell (d-)” rating on shares of Royalty Management in a report on Wednesday, October 8th. William Blair assumed coverage on shares of Royalty Management in a report on Monday, October 20th. They issued an “outperform” rating on the stock. Finally, Zacks Research upgraded shares of Royalty Management to a “hold” rating in a research note on Tuesday, October 21st. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Royalty Management presently has a consensus rating of “Hold”.

Royalty Management Company Profile

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.