RYTHM (NASDAQ:RYM) Lowered to Sell Rating by Wall Street Zen

RYTHM (NASDAQ:RYM) was downgraded by stock analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Saturday.

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of RYTHM in a research report on Monday. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has a consensus rating of “Sell”.

RYTHM Trading Down 5.9%

RYTHM stock opened at $23.87 on Friday. The company has a current ratio of 1.99, a quick ratio of 1.78 and a debt-to-equity ratio of 6.82. The stock’s fifty day moving average price is $27.51. The stock has a market cap of $51.32 million, a PE ratio of -2.24 and a beta of 9.88. RYTHM has a 12-month low of $13.22 and a 12-month high of $53.65.

RYTHM (NASDAQ:RYM) last posted its quarterly earnings results on Friday, November 7th. The company reported ($5.31) earnings per share for the quarter. The business had revenue of $4.04 million during the quarter. RYTHM had a negative net margin of 269.95% and a negative return on equity of 146.47%.

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.