Algorhythm Holdings Inc [NASDAQ: RIME] price plunged by -1.09 percent to reach at -$0.03.
A sum of 109993 shares traded at recent session while its average daily volume was at 154.47K shares. Algorhythm Holdings Inc shares reached a high of $2.91 and dropped to a low of $2.73 until finishing in the latest session at $2.73.
The one-year RIME stock forecast points to a potential upside of 45.4. The average equity rating for RIME stock is currently 1.00, trading closer to a bullish pattern in the stock market.
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 $5.00 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 0.30, with the Price to Sales ratio for RIME stock in the period of the last 12 months amounting to 0.30. The Price to Book ratio for the last quarter was 1.46, with the Price to Cash per share for the same quarter was set at 1.31.
RIME Stock Performance Analysis:
Algorhythm Holdings Inc [RIME] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -11.79. With this latest performance, RIME shares gained by 5.41% in over the last four-week period, additionally sinking by -82.46% over the last 6 months – not to mention a drop of -98.90% in the past year of trading.
Insight into Algorhythm Holdings Inc Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and Algorhythm Holdings Inc [RIME] shares currently have an operating margin of -47.07% and a Gross Margin at 20.72%. Algorhythm Holdings Inc’s Net Margin is presently recorded at -130.44%.
Return on Equity for this stock declined to -198.12%, with Return on Assets sitting at -198.12%.
Algorhythm Holdings Inc [RIME] Institutonal Ownership Details
There are presently around $7.18%, or 7.35%% of RIME stock, in the hands of institutional investors.
