A share price of Algorhythm Holdings Inc [RIME] is currently trading at $0.10, up 10.23%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The RIME shares have gain 11.49% over the last week, with a monthly amount drifted -60.08%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Algorhythm Holdings Inc experienced fluctuations in its stock price throughout the past year between $0.07 and $1.97. Algorhythm Holdings Inc [NASDAQ: RIME] shares were valued at $0.10 at the most recent close of the market.
Analyzing the RIME fundamentals
Trailing Twelve Months sales for Algorhythm Holdings Inc [NASDAQ:RIME] were 32.58M which represents -33.32% decline. Gross Profit Margin for this corporation currently stands at 0.22% with Operating Profit Margin at -0.23%, Pretax Profit Margin comes in at -0.24%, and Net Profit Margin reading is -0.23%. To continue investigating profitability, this company’s Return on Assets is posted at -0.37, Equity is -1.7 and Total Capital is -2.27. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.24.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 0.0807 points at the first support level, and at 0.0643 for the second support level. However, for the 1st resistance point, the stock is sitting at 0.1087, and for the 2nd resistance point, it is at 0.1203.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Algorhythm Holdings Inc [NASDAQ:RIME] is 0.87. In addition, the Quick Ratio stands at 0.43 and the Cash Ratio stands at 0.04. Considering the valuation of this stock, the price to sales ratio is 0.05, the price to book ratio is 0.33.
Transactions by insiders
Recent insider trading involved AULT MILTON C III, Former 10% Owner, that happened on Oct 07 ’24 when 0.37 million shares were sold. Former 10% Owner, AULT MILTON C III completed a deal on Oct 04 ’24 to sell 46900.0 shares. Meanwhile, 10% Owner AULT MILTON C III sold 4230.0 shares on Oct 02 ’24.
