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

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

Analyst Upgrades and Downgrades

Several equities analysts have commented on RYM shares. Wall Street Zen raised shares of RYTHM from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Weiss Ratings upgraded RYTHM from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, May 18th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell”.

RYTHM Stock Performance

The company has a 50-day moving average of $26.30 and a 200-day moving average of $22.68. The stock has a market cap of $46.78 million, a price-to-earnings ratio of -1.49 and a beta of 9.46.

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

Insider Activity at RYTHM

In related news, Director Max Holtzman sold 5,000 shares of the stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $26.00, for a total transaction of $130,000.00. Following the transaction, the director directly owned 5,000 shares in the company, valued at approximately $130,000. This represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Armon Vakili sold 2,250 shares of the firm’s stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $26.52, for a total transaction of $59,670.00. Following the completion of the sale, the director directly owned 10,850 shares in the company, valued at $287,742. This represents a 17.18% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 4.09% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in RYTHM stock. Geode Capital Management LLC acquired a new stake in shares of RYTHM, Inc. (NASDAQ:RYM) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 13,729 shares of the company’s stock, valued at approximately $293,000. Geode Capital Management LLC owned approximately 0.64% of RYTHM as of its most recent SEC filing. 5.98% of the stock is owned by institutional investors and hedge funds.

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.