Algorhythm Holdings Inc [NASDAQ: RIME] traded at a high on Friday, posting a 14.95 gain after which it closed the day’ session at $0.11.
The results of the trading session contributed to over 84984892 shares changing hands. Over the past one week, the price volatility of Algorhythm Holdings Inc stands at 21.95% while the volatility over the past one month is 23.25%.
The market cap for RIME stock reached $12.07 million, with 94.16 million shares outstanding and 65.38 million shares in the current float. Compared to the average trading volume of 38.93M shares, RIME reached a trading volume of 84984892 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Algorhythm Holdings Inc [RIME]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for RIME shares is $4.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on RIME stock is a recommendation set at 1.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
The Average True Range (ATR) for Algorhythm Holdings Inc is set at 0.03, with the Price to Sales ratio for RIME stock in the period of the last 12 months amounting to 0.37. The Price to Book ratio for the last quarter was 0.38, with the Price to Cash per share for the same quarter was set at 0.01. Price to Free Cash Flow for RIME in the course of the last twelve months was 5.54 with Quick ratio for the last quarter at 0.43.
How has RIME stock performed recently?
Algorhythm Holdings Inc [RIME] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 28.01. With this latest performance, RIME shares dropped by -41.56% in over the last four-week period, additionally sinking by -90.93% over the last 6 months – not to mention a drop of -89.22% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for RIME stock in for the last two-week period is set at 42.86, with the RSI for the last a single of trading hit 54.19, and the three-weeks RSI is set at 39.01 for Algorhythm Holdings Inc [RIME]. The present Moving Average for the last 50 days of trading for this stock 0.2067, while it was recorded at 0.0933 for the last single week of trading, and 0.6908 for the last 200 days.
Algorhythm Holdings Inc [RIME]: Deeper insight into the fundamentals
Algorhythm Holdings Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.43 and a Current Ratio set at 0.87.
