Comparing Algorhythm (RIME) & The Competition

Algorhythm (NASDAQ:RIME) is one of 258 public companies in the “Technology Services” industry, but how does it contrast to its competitors? We will compare Algorhythm to related companies based on the strength of its risk, institutional ownership, analyst recommendations, dividends, profitability, earnings and valuation.

Insider and Institutional Ownership

37.7% of shares of all “Technology Services” companies are held by institutional investors. 0.9% of Algorhythm shares are held by insiders. Comparatively, 19.4% of shares of all “Technology Services” companies are held by insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a stock is poised for long-term growth.

Profitability

This table compares Algorhythm and its competitors’ net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Algorhythm	-105.18%	N/A	-166.60%
Algorhythm Competitors	-435.83%	-649.90%	-16.65%

Valuation & Earnings

This table compares Algorhythm and its competitors top-line revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Net Income	Price/Earnings Ratio
Algorhythm	$23.34 million	-$23.26 million	0.11
Algorhythm Competitors	$1.29 billion	$24.78 million	-9.29

Algorhythm’s competitors have higher revenue and earnings than Algorhythm. Algorhythm is trading at a higher price-to-earnings ratio than its competitors, indicating that it is currently more expensive than other companies in its industry.

Volatility & Risk

Algorhythm has a beta of -0.03, suggesting that its stock price is 103% less volatile than the S&P 500. Comparatively, Algorhythm’s competitors have a beta of -15.10, suggesting that their average stock price is 1,610% less volatile than the S&P 500.

Analyst Recommendations

This is a breakdown of recent ratings and recommmendations for Algorhythm and its competitors, as reported by MarketBeat.com.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Algorhythm	1	0	0	1	2.50
Algorhythm Competitors	1043	2447	5070	281	2.52

Algorhythm currently has a consensus target price of $5.00, indicating a potential upside of 114.59%. As a group, “Technology Services” companies have a potential upside of 19.80%. Given Algorhythm’s higher probable upside, analysts clearly believe Algorhythm is more favorable than its competitors.

Summary

Algorhythm competitors beat Algorhythm on 7 of the 13 factors compared.

Algorhythm Company Profile

Algorhythm Holdings, Inc., together with its subsidiaries, engages in the development, marketing, and sale of consumer karaoke audio equipment, accessories, and musical recordings in North America, Australia, the United Kingdom, Europe, and internationally. It offers karaoke products under the Singing Machine brand; licensed karaoke microphone products under the Carpool Karaoke brand; microphone and accessories, and portable Bluetooth microphones under the Party Machine brand; music entertainment singing machines for children under the brand Singing Machine Kids; connected vehicle karaoke devices; and karaoke music subscription services for the iOS and Android platforms, as well as a web-based download store and integrated streaming services for hardware. The company primarily sells its products to retailers, including national chains, warehouse clubs, department stores, lifestyle merchants, specialty stores, and direct mail catalogs and showrooms. The company was formerly known as The Singing Machine Company, Inc. and changed its name to Algorhythm Holdings, Inc. in September 2024. Algorhythm Holdings, Inc. was incorporated in 1982 and is headquartered in Fort Lauderdale, Florida.