Algorhythm Holdings Inc (NASDAQ: RIME): The Stock We Should Bet On For Economic Growth In The Months To Come

In the last trading session, 334.23 million shares of the Algorhythm Holdings Inc (NASDAQ:RIME) were traded, and its beta was 0.31. Most recently the company’s share price was $0.04, and it changed around $0.0 or -1.65% from the last close, which brings the market valuation of the company to $3.92M. RIME currently trades at a discount to its 52-week high of $1.97, offering almost -4825.0% off that amount. We note from Algorhythm Holdings Inc’s average daily trading volume that its 10-day average is 182.62 million shares, with the 3-month average coming to 59.83 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.

Algorhythm Holdings Inc (NASDAQ:RIME) trade information

Instantly RIME has showed a red trend with a performance of -1.65% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 0.1312 on recent trading dayincreased the stock’s daily price by 69.51%. The company’s shares are currently down -52.73% year-to-date, but still down -69.14% over the last five days. On the other hand, Algorhythm Holdings Inc (NASDAQ:RIME) is -48.64% 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).

RIME Dividends

Algorhythm Holdings Inc’s next quarterly earnings report is expected to be released in February.

Fidelity Extended Market Index Fund and Vanguard Extended Market Index Fund were the top two Mutual Funds as of Nov 30, 2024 . The former held 7.77 shares worth $323.0, making up 0.01% of all outstanding shares. On the other hand, Vanguard Extended Market Index Fund held roughly 445.0 shares worth around $18.0, which represents about 0.00% of the total shares outstanding.