RIME has 36-month beta value of 0.22. Analysts have mixed views on the stock, with 1 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for RIME is 65.38M, and currently, short sellers hold a 2.43% ratio of that float. The average trading volume of RIME on December 30, 2024 was 36.67M shares.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
RIME) stock’s latest price update
Algorhythm Holdings Inc (NASDAQ: RIME) has experienced a decline in its stock price by -3.67 compared to its previous closing price of 0.09. However, the company has seen a gain of 4.88% in its stock price over the last five trading days. globenewswire.com reported 2024-12-23 that Fort Lauderdale, FL, Dec. 23, 2024 (GLOBE NEWSWIRE) — Algorhythm Holdings, Inc. (“Algorhythm” or the “Company”) (NASDAQ: RIME) – an AI technology and consumer electronics holding company, announced it will pause new capital raising activities for the next six months. In light of the Company’s current cash position, combined with a comprehensive assessment of the current market environment and our business operations, our management team has decided to suspend seeking out any new financing plans for the next six months. During this period, the Company will not seek new investments including transactions like an “At-the-Market” (ATM) offering or usage of the Company’s Shelf registration statement.
RIME’s Market Performance
Algorhythm Holdings Inc (RIME) has seen a 4.88% rise in stock performance for the week, with a -65.04% decline in the past month and a -83.39% plunge in the past quarter. The volatility ratio for the week is 12.94%, and the volatility levels for the past 30 days are at 20.69% for RIME. The simple moving average for the last 20 days is -23.74% for RIME’s stock, with a simple moving average of -88.23% for the last 200 days.
RIME Trading at -63.82% from the 50-Day Moving Average
After a stumble in the market that brought RIME to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -95.74% of loss for the given period.
Volatility was left at 20.69%, however, over the last 30 days, the volatility rate increased by 12.94%, as shares sank -63.52% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -79.03% lower at present.
During the last 5 trading sessions, RIME rose by +4.87%, which changed the moving average for the period of 200-days by -92.89% in comparison to the 20-day moving average, which settled at $0.1100. In addition, Algorhythm Holdings Inc saw -91.69% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at RIME starting from AULT MILTON C III, who sale 365,100 shares at the price of $0.73 back on Oct 07 ’24. After this action, AULT MILTON C III now owns 945,000 shares of Algorhythm Holdings Inc, valued at $267,253 using the latest closing price.
AULT MILTON C III, the Former 10% Owner of Algorhythm Holdings Inc, sale 46,900 shares at $0.47 during a trade that took place back on Oct 04 ’24, which means that AULT MILTON C III is holding 1,310,000 shares at $22,174 based on the most recent closing price.
Stock Fundamentals for RIME
Current profitability levels for the company are sitting at:
- -0.23 for the present operating margin
- 0.22 for the gross margin
The net margin for Algorhythm Holdings Inc stands at -0.23. The total capital return value is set at -2.27.
Based on Algorhythm Holdings Inc (RIME), the company’s capital structure generated 0.2 points at debt to capital in total, while cash flow to debt ratio is standing at -8.14. The debt to equity ratio resting at 0.24. The interest coverage ratio of the stock is -18.59.
Currently, EBITDA for the company is -7.81 million with net debt to EBITDA at -0.03. When we switch over and look at the enterprise to sales, we see a ratio of 0.26. The receivables turnover for the company is 6.97for trailing twelve months and the total asset turnover is 1.6. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.87.
Conclusion
To put it simply, Algorhythm Holdings Inc (RIME) has had a bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
