RYTHM (NASDAQ:RYM) Announces Earnings Results

RYTHM (NASDAQ:RYM) released its quarterly earnings data on Tuesday. The company reported ($6.62) earnings per share (EPS) for the quarter, FiscalAI reports. The business had revenue of $10.66 million during the quarter. RYTHM had a negative return on equity of 146.47% and a negative net margin of 269.95%.

RYTHM Trading Down 1.2%

Shares of NASDAQ RYM opened at $17.10 on Wednesday. The company has a debt-to-equity ratio of 6.82, a quick ratio of 1.78 and a current ratio of 1.99. The company has a 50-day simple moving average of $19.00. RYTHM has a 52 week low of $13.22 and a 52 week high of $53.65. The firm has a market cap of $36.77 million, a PE ratio of -1.61 and a beta of 9.86.

Wall Street Analysts Forecast Growth

RYM has been the subject of several recent analyst reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of RYTHM in a research note on Monday, December 22nd. Wall Street Zen lowered shares of RYTHM from a “hold” rating to a “sell” rating in a research report on Saturday, January 31st. One research analyst has rated the stock with a Sell rating, According to MarketBeat, RYTHM has an average rating of “Sell”.

Institutional Trading of RYTHM

An institutional investor recently bought a new position in RYTHM stock. Geode Capital Management LLC acquired a new position in shares of RYTHM, Inc. (NASDAQ:RYM) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 13,729 shares of the company’s stock, valued at approximately $293,000. Geode Capital Management LLC owned about 0.64% of RYTHM at the end of the most recent reporting period. Hedge funds and other institutional investors own 5.98% of the company’s stock.

About RYTHM

Agrify Corporation develops precision hardware and software cultivation and extraction solutions for the cannabis and hemp industry in the United States. The company offers vertical farming units and Agrify Insights Software-as-a-Service software; integrated grow racks and LED grow lights; and non-proprietary products designed, engineered, and manufactured by third parties, such as air cleaning systems and pesticide-free surface protection products. It also provides associated services comprising consulting, engineering, and construction.