RYTHM (NASDAQ:RYM) Director Max Holtzman Sells 5,000 Shares of Stock

RYTHM, Inc. (NASDAQ:RYM) Director Max Holtzman sold 5,000 shares of RYTHM stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $26.00, for a total transaction of $130,000.00. Following the transaction, the director directly owned 5,000 shares in the company, valued at $130,000. This represents a 50.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

RYTHM Price Performance

RYM opened at $27.98 on Friday. The firm has a market cap of $60.16 million, a P/E ratio of -1.95 and a beta of 9.46. RYTHM, Inc. has a 1-year low of $14.00 and a 1-year high of $53.65. The company has a 50 day simple moving average of $27.01 and a two-hundred day simple moving average of $22.34.

RYTHM (NASDAQ:RYM) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $1.33 EPS for the quarter. RYTHM had a negative net margin of 38.99% and a negative return on equity of 56.12%. The firm had revenue of $13.29 million for the quarter.

Institutional Trading of RYTHM

A hedge fund recently bought a new stake in RYTHM stock. Geode Capital Management LLC purchased a new position in RYTHM, Inc. (NASDAQ:RYM) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 13,729 shares of the company’s stock, valued at approximately $293,000. Geode Capital Management LLC owned approximately 0.64% of RYTHM as of its most recent SEC filing. 5.98% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

RYM has been the subject of a number of recent analyst reports. Weiss Ratings raised RYTHM from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, May 18th. Wall Street Zen raised RYTHM from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, RYTHM has a consensus rating of “Sell”.

RYTHM Company Profile

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. It also provides associated services comprising consulting, engineering, and construction.