RYTHM (NASDAQ:RYM) Shares Down 1.2% – What’s Next?

RYTHM, Inc. (NASDAQ:RYM) fell 1.2% during mid-day trading on Friday . The stock traded as low as $21.38 and last traded at $21.46. 9,116 shares traded hands during mid-day trading, a decline of 20% from the average session volume of 11,329 shares. The stock had previously closed at $21.71.

Wall Street Analysts Forecast Growth

RYM has been the topic of a number of recent research reports. Wall Street Zen upgraded shares of RYTHM from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Weiss Ratings raised shares of RYTHM from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, May 18th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has an average rating of “Sell”.

RYTHM Stock Down 1.2%

The company has a 50-day moving average price of $26.30 and a two-hundred day moving average price of $22.68. The stock has a market capitalization of $46.78 million, a P/E ratio of -1.49 and a beta of 9.46.

RYTHM (NASDAQ:RYM) last released its quarterly earnings data on Tuesday, May 5th. The company reported $1.33 EPS for the quarter. The company had revenue of $13.29 million during the quarter. RYTHM had a negative net margin of 38.99% and a negative return on equity of 56.12%.

Insider Activity at RYTHM

In other RYTHM news, Director Armon Vakili sold 2,250 shares of the stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of $26.52, for a total value of $59,670.00. Following the sale, the director directly owned 10,850 shares in the company, valued at $287,742. This represents a 17.18% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Max Holtzman sold 5,000 shares of the firm’s stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $26.00, for a total transaction of $130,000.00. Following the completion of the transaction, the director directly owned 5,000 shares of the company’s stock, valued at approximately $130,000. The trade was a 50.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 4.09% of the company’s stock.

Hedge Funds Weigh In On RYTHM

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

RYTHM Company Profile

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.