The stock of Algorhythm Holdings Inc (RIME) has seen a -69.14% decrease in the past week, with a -48.64% drop in the past month, and a -89.60% decrease in the past quarter. The volatility ratio for the week is 23.28%, and the volatility levels for the past 30 days are at 33.06% for RIME. The simple moving average for the last 20 days is -57.75% for RIME stock, with a simple moving average of -93.61% for the last 200 days.
Is It Worth Investing in Algorhythm Holdings Inc (NASDAQ: RIME) Right Now?
The 36-month beta value for RIME is also noteworthy at 0.31. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for RIME is 88.02M, and at present, short sellers hold a 3.44% of that float. The average trading volume of RIME on January 20, 2025 was 59.83M shares.
RIME) stock’s latest price update
The stock price of Algorhythm Holdings Inc (NASDAQ: RIME) has plunged by -1.65 when compared to previous closing price of 0.04, but the company has seen a -69.14% decline in its stock price over the last five trading sessions. 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 Trading at -74.78% 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 -97.89% of loss for the given period.
Volatility was left at 33.06%, however, over the last 30 days, the volatility rate increased by 23.28%, as shares sank -52.73% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -86.69% lower at present.
During the last 5 trading sessions, RIME fell by -69.14%, which changed the moving average for the period of 200-days by -95.27% in comparison to the 20-day moving average, which settled at $0.0985. In addition, Algorhythm Holdings Inc saw -52.73% 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 0.22 points at debt to capital in total, while cash flow to debt ratio is standing at -6.82. The debt to equity ratio resting at 0.29. 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 0.13. 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
In summary, Algorhythm Holdings Inc (RIME) has had a bad performance as of late. Analysts have bullish opinions on the stock, with some viewing 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.
