Resolute Holdings Management (NYSE:RHLD) Sets New 12-Month High - Here's What Happened

Key Points

• Resolute Holdings Management, Inc. reached a new 52-week high of $88.06, closing at $87.93 with a trading volume of 112,741 shares.
• Despite the price surge, analysts from Weiss Ratings maintain a "sell" rating for the stock, with a consensus rating of "Sell" from one research analyst.
• The company reported a loss of $0.07 earnings per share for the last quarter, accompanied by a revenue of $119.59 million.

Resolute Holdings Management, Inc. (NYSE:RHLD - Get Free Report)'s share price hit a new 52-week high on Thursday . The company traded as high as $88.06 and last traded at $87.93, with a volume of 112741 shares changing hands. The stock had previously closed at $79.96.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a "sell (e+)" rating on shares of Resolute Holdings Management in a research report on Wednesday. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has a consensus rating of "Sell".

Resolute Holdings Management Price Performance

The company has a current ratio of 3.40, a quick ratio of 2.71 and a debt-to-equity ratio of 42.76. The company's fifty day moving average price is $63.58.

Resolute Holdings Management (NYSE:RHLD - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported ($0.07) earnings per share (EPS) for the quarter. The business had revenue of $119.59 million for the quarter.

Resolute Holdings Management Company Profile

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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