Algorhythm Holdings Inc (NASDAQ: RIME) – Analyst View Is Different Today

In today’s recent session, 196.5 million shares of the Algorhythm Holdings Inc (NASDAQ:RIME) have been traded, and its beta is 0.19. Most recently the company’s share price was $0.13, and it changed around $0.04 or 40.33% from the last close, which brings the market valuation of the company to $1.86M. RIME at last check was trading at a discount to its 52-week high of $1.97, offering almost -1415.38% off that amount. The share price’s 52-week low was $0.09, which indicates that the recent value has risen by an impressive 30.77% since then. We note from Algorhythm Holdings Inc’s average daily trading volume that its 10-day average is 11.54 million shares, with the 3-month average coming to 5.52 million.

Algorhythm Holdings Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 1 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 0 recommended RIME as a Hold, whereas 1 deemed it a Buy, and 0 rated it as Underweight. Algorhythm Holdings Inc is expected to report earnings per share of 0 for the current quarter.

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Algorhythm Holdings Inc (NASDAQ:RIME) trade information

Instantly RIME has been showing a green trend so far today with a performance of 40.33% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 0.2190 on recent trading dayincreased the stock’s daily price by 40.64%. The company’s shares are currently down -87.22% year-to-date, but still down -40.92% over the last five days. On the other hand, Algorhythm Holdings Inc (NASDAQ:RIME) is -57.67% down in the 30-day period. We can see from the shorts that 0.23 million shares have been sold at a short interest cover period of 0.02 day(s).

Algorhythm Holdings Inc (NASDAQ:RIME)’s Major holders

Perritt Ultra MicroCap Fund and Fidelity Extended Market Index Fund were the top two Mutual Funds as of Jul 31, 2024. The former held 36.71 shares worth $4467.0, making up 0.26% of all outstanding shares. On the other hand, Fidelity Extended Market Index Fund held roughly 7.77 shares worth around $945.0, which represents about 0.05% of the total shares outstanding.