Resolute Holdings Management (NYSE:RHLD) Stock Breaks Above Two Hundred Day Moving Average - What's Next?

Key Points

• RHLD rose above its 200-day moving average of $140.37, reaching an intraday high of $159.36 and last trading at $153.66.
• Analyst sentiment remains negative: MarketBeat reports an average Sell rating, including a recent downgrade from Weiss Ratings; Wall Street Zen raised its rating from Sell to Hold.
• The company reported quarterly earnings per share of $0.69 and revenue of $509.6 million. CFO Kurt Schoen also bought 375 shares, increasing his stake by 13.16%.

Resolute Holdings Management, Inc. (NYSE:RHLD - Get Free Report) crossed above its two hundred day moving average during trading on Friday. The stock has a two hundred day moving average of $140.37 and traded as high as $159.36. Resolute Holdings Management shares last traded at $153.6560, with a volume of 288,022 shares trading hands.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on RHLD. Weiss Ratings downgraded shares of Resolute Holdings Management from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Thursday, October 8th. Wall Street Zen raised Resolute Holdings Management from a "sell" rating to a "hold" rating in a research note on Saturday, August 15th. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the company currently has an average rating of "Sell".

Resolute Holdings Management Trading Up 18.3%

The business's 50 day simple moving average is $123.31 and its 200 day simple moving average is $140.37. The stock has a market cap of $1.20 billion, a P/E ratio of 32.55 and a beta of -0.83. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.35 and a quick ratio of 0.82.

Resolute Holdings Management (NYSE:RHLD - Get Free Report) last issued its earnings results on Thursday, November 5th. The company reported $0.69 earnings per share for the quarter. The firm had revenue of $509.60 million for the quarter. Resolute Holdings Management had a net margin of 4.21% and a return on equity of 3.55%.

Insider Activity at Resolute Holdings Management

In other Resolute Holdings Management news, CFO Kurt Schoen purchased 375 shares of the firm's stock in a transaction on Thursday, August 20th. The stock was bought at an average price of $117.84 per share, with a total value of $44,190.00. Following the transaction, the chief financial officer directly owned 3,225 shares of the company's stock, valued at approximately $380,034. This represents a 13.16% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 52.80% of the company's stock.

Institutional Trading of Resolute Holdings Management

Institutional investors and hedge funds have recently bought and sold shares of the company. KBC Group NV acquired a new position in Resolute Holdings Management in the first quarter worth $25,000. Bard Associates Inc. bought a new position in shares of Resolute Holdings Management in the 2nd quarter worth approximately $84,000. State of Wyoming bought a new position in Resolute Holdings Management in the second quarter worth approximately $149,000. The Manufacturers Life Insurance Company purchased a new position in Resolute Holdings Management during the second quarter worth $291,000. Finally, Engineers Gate Manager LP acquired a new stake in Resolute Holdings Management in the second quarter valued at approximately $302,000.

About Resolute Holdings Management

Resolute Holdings Management, Inc operates as an alternative asset management platform company. The company was incorporated in 2024 and is based in New York, New York.

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