At the time of writing, Algorhythm Holdings Inc [RIME] stock is trading at $0.09, up 15.18%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The RIME shares have gain 8.64% over the last week, with a monthly amount drifted -64.60%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
For the past year, the stock price of Algorhythm Holdings Inc fluctuated between $0.07 and $1.97. Algorhythm Holdings Inc [NASDAQ: RIME] shares were valued at $0.09 at the most recent close of the market.
Analyzing the RIME fundamentals
According to Algorhythm Holdings Inc [NASDAQ:RIME], the company’s sales were 32.58M for trailing twelve months, which represents an -33.32% plunge. 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 0.0769 points at the first support level, and at 0.0659 for the second support level. However, for the 1st resistance point, the stock is sitting at 0.1017, and for the 2nd resistance point, it is at 0.1155.
Ratios To Look Out For
It is important to note that Algorhythm Holdings Inc [NASDAQ:RIME] has a current ratio of 0.87. Also, the Quick Ratio is 0.43, while the Cash Ratio stands at 0.04. Considering the valuation of this stock, the price to sales ratio is 0.24, the price to book ratio is 0.30.
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.
