Algorhythm Holdings Inc (NASDAQ: RIME) Stock Dropped -71.94% Over A Month – Any Room To Run?

Algorhythm Holdings Inc (NASDAQ:RIME)’s traded shares stood at 38.79 million during the last session, with the company’s beta value hitting 0.19. At the close of trading, the stock’s price was $0.09, to imply a decrease of -46.87% or -$0.08 in intraday trading. The RIME share’s 52-week high remains $1.97, putting it -2088.89% down since that peak but still an impressive -88.89% since price per share fell to its 52-week low of $0.17. The company has a valuation of $1.29M, with an average of 0.77 million shares in intraday trading volume over the past 10 days and average of 3.75 million shares over the past 3 months.

Algorhythm Holdings Inc (NASDAQ:RIME) trade information

After registering a -46.87% downside in the last session, Algorhythm Holdings Inc (RIME) has traded red over the past five days. The 5-day price performance for the stock is -60.48%, and -71.94% over 30 days. With these gigs, the year-to-date price performance is -91.00%. Short interest in Algorhythm Holdings Inc (NASDAQ:RIME) saw shorts transact 0.23 million shares and set a 0.02 days time to cover.

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RIME Dividends

Algorhythm Holdings Inc has its next earnings report out in January. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.