Algorhythm Holdings Inc [NASDAQ: RIME] stock went on a downward path that fall over -18.35% on Friday, amounting to a one-week price increase of more than 38.97%.
Over the last 12 months, RIME stock dropped by -85.56%. The one-year Algorhythm Holdings Inc stock forecast points to a potential upside of 96.75. The average equity rating for RIME stock is currently 1.00, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $12.69 million, with 94.16 million shares outstanding and 53.45 million shares in the current float. Compared to the average trading volume of 51.02M shares, RIME stock reached a trading volume of 38482814 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 0.04, with the Price to Sales ratio for RIME stock in the period of the last 12 months amounting to 0.39. The Price to Book ratio for the last quarter was 0.46, 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 5.82 with Quick ratio for the last quarter at 0.43.
RIME Stock Performance Analysis:
Algorhythm Holdings Inc [RIME] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 38.97. With this latest performance, RIME shares gained by 15.41% in over the last four-week period, additionally sinking by -86.52% over the last 6 months – not to mention a drop of -85.56% 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 48.78, with the RSI for the last a single of trading hit 51.62, and the three-weeks RSI is set at 45.52 for Algorhythm Holdings Inc [RIME]. The present Moving Average for the last 50 days of trading for this stock 0.1889, while it was recorded at 0.1566 for the last single week of trading, and 0.6727 for the last 200 days.
Insight into Algorhythm Holdings Inc 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.
