Clear Street LLC recently announced the acquisition of new stake in Royalty Management Holding Corp. (NASDAQ:RMCO). This fresh investment now brings its stake to 4.73% valued currently at $0.14 million. In addition, Meteora Capital LLC raised its holdings by 8799.0 to 19611.0 shares.
With over 37.65 million Royalty Management Holding Corp. (RMCO) shares trading Friday and a closing price of $2.56 on the day, the dollar volume was approximately $96.4 million. The shares have shown a negative half year performance of -74.75% and its price on 12/22/23 gained nearly 28.64%. Currently, there are 0.74M common shares owned by the public and among those 0.74M shares have been available to trade.
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Insiders at the company have transacted a total of 3 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 0 of these insider trades were purchases, accounting for 0 shares. Insider sales of the common stock occurred on 3 occasions, with total insider shares sold totaling 149,850 shares.
Janus Henderson Fund – Global Mul owns 0.0 shares of the company’s stock, all valued at over $0.0. The company sold 19321.0 shares recently to bring their total holdings to about 0.00% of the shares outstanding.
Shares of Royalty Management Holding Corp. (NASDAQ: RMCO) opened at $4.39, up $2.4 from a prior closing price of $1.99. However, the script later moved the day high at 4.7500, up 28.64%. The company’s stock has a 5-day price change of 1.99% and -76.56% over the past three months. RMCO shares are trading -74.43% year to date (YTD), with the 12-month market performance down to -74.60% lower. It has a 12-month low price of $1.48 and touched a high of $22.97 over the same period. RMCO has an average intraday trading volume of 55.38K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -19.24%, -57.65%, and -72.38% respectively.
Institutional ownership of Royalty Management Holding Corp. (NASDAQ: RMCO) shares accounts for 18.80% of the company’s 0.74M shares outstanding. Mutual fund holders own 0.00%, while other institutional holders and individual stakeholders account for 18.80% and — respectively.
It has a market capitalization of $1.89M and a beta (3y monthly) value of -0.47. The stock’s trailing 12-month PE ratio is 37.48, while the earnings-per-share (ttm) stands at $0.07. Price movements for the stock have been influenced by the stock’s volatility, which stands at 44.93% over the week and 22.18% over the month.
