Algorhythm Holdings Inc. (NASDAQ: RIME) is -58.42% lower on its value in year-to-date trading and has touched a low of $0.35 and a high of $1.97 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The RIME stock was last observed hovering at around $0.41 in the last trading session, with the day’s gains setting it 0.01%.
Currently trading at $0.42, the stock is -16.04% and -22.76% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.05 million and changing 2.16% at the moment leaves the stock -51.23% off its SMA200. RIME registered -45.27% loss for a year compared to 6-month loss of -43.24%. The firm has a 50-day simple moving average (SMA 50) of $0.544 and a 200-day simple moving average (SMA200) of $0.8608.
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The stock witnessed a -23.77% gain in the last 1 month and extending the period to 3 months gives it a -48.94%, and is -21.54% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 13.65% over the week and 14.42% over the month.
Profit margin for the company is -28.80%. Distance from 52-week low is 20.00% and -78.68% from its 52-week high. The company has generated returns on investments over the last 12 months (-287.49%).
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Algorhythm Holdings Inc. (RIME) Top Institutional Holders
The shares outstanding are 9.74M, and float is at 4.75M with Short Float at 1.00%.
Algorhythm Holdings Inc. (RIME) Insider Activity
The most recent transaction is an insider sale by AULT MILTON C III, the company’s Former 10% Owner. SEC filings show that AULT MILTON C III sold 365,100 shares of the company’s common stock on Oct 07 ’24 at a price of $0.73 per share for a total of $0.27 million. Following the sale, the insider now owns 0.94 million shares.
Algorhythm Holdings Inc. disclosed in a document filed with the SEC on Oct 04 ’24 that AULT MILTON C III (Former 10% Owner) sold a total of 46,900 shares of the company’s common stock. The trade occurred on Oct 04 ’24 and was made at $0.47 per share for $22174.0. Following the transaction, the insider now directly holds 1.31 million shares of the RIME stock.
Still, SEC filings show that on Oct 02 ’24, AULT MILTON C III (10% Owner) disposed off 4,230 shares at an average price of $0.47 for $1982.0. The insider now directly holds 1,360,000 shares of Algorhythm Holdings Inc. (RIME).
