RYTHM (NASDAQ:RYM) Raised to “Hold” at Wall Street Zen

RYTHM (NASDAQ:RYM) was upgraded by research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued on Saturday.

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of RYTHM in a research report on Tuesday, November 11th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, RYTHM currently has a consensus rating of “Sell”.

RYTHM Price Performance

Shares of NASDAQ RYM opened at $19.99 on Friday. The company has a quick ratio of 1.78, a current ratio of 1.99 and a debt-to-equity ratio of 6.82. The company has a market cap of $39.98 million, a P/E ratio of -1.88 and a beta of 9.82. RYTHM has a 52 week low of $12.91 and a 52 week high of $84.44.

RYTHM (NASDAQ:RYM) last announced its quarterly earnings data on Friday, November 7th. The company reported ($5.31) earnings per share (EPS) for the quarter. The company had revenue of $4.04 million for the quarter. RYTHM had a negative return on equity of 146.47% and a negative net margin of 269.95%.

Insider Transactions at RYTHM

In related news, CEO Benjamin Kovler purchased 1,000 shares of RYTHM stock in a transaction that occurred on Thursday, September 25th. The shares were acquired at an average price of $37.08 per share, with a total value of $37,080.00. Following the completion of the transaction, the chief executive officer directly owned 19,000 shares of the company’s stock, valued at $704,520. This represents a 5.56% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 2.16% of the stock is owned by corporate insiders.

About RYTHM

Agrify Corporation develops precision hardware and software cultivation and extraction solutions for the cannabis and hemp industry in the United States. The company offers vertical farming units and Agrify Insights Software-as-a-Service software; integrated grow racks and LED grow lights; and non-proprietary products designed, engineered, and manufactured by third parties, such as air cleaning systems and pesticide-free surface protection products.