RYTHM (NASDAQ:RYM) Releases Quarterly Earnings Results

RYTHM (NASDAQ:RYMGet Free Report) posted its earnings results on Tuesday. The company reported $1.33 earnings per share (EPS) for the quarter, Zacks reports. RYTHM had a negative return on equity of 191.60% and a negative net margin of 192.43%.

RYTHM Stock Down 1.5%

RYTHM stock traded down $0.41 during trading hours on Tuesday, hitting $27.62. 6,280 shares of the stock traded hands, compared to its average volume of 17,800. The firm’s 50-day moving average price is $21.96 and its two-hundred day moving average price is $23.55. The company has a current ratio of 1.11, a quick ratio of 1.01 and a debt-to-equity ratio of 3.84. The company has a market cap of $59.38 million, a PE ratio of -1.67 and a beta of 9.73. RYTHM has a one year low of $14.00 and a one year high of $53.65.

Institutional Trading of RYTHM

An institutional investor recently bought a new position in RYTHM stock. Geode Capital Management LLC acquired a new stake in shares of RYTHM, Inc. (NASDAQ:RYMFree Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 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 filing with the SEC. Hedge funds and other institutional investors own 5.98% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Weiss Ratings cut RYTHM from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, April 24th. Wall Street Zen cut RYTHM from a “hold” rating to a “sell” rating in a research report on Saturday, January 31st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has an average rating of “Sell”.

Read Our Latest Analysis on RYTHM

RYTHM Company Profile

(Get Free Report)

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.

Further Reading

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