Litchfield Hills Research Forecasts Algorhythm FY2025 Earnings

Algorhythm Holdings, Inc. (NASDAQ:RIME) – Litchfield Hills Research issued their FY2025 earnings estimates for Algorhythm in a report issued on Monday, January 26th. Litchfield Hills Research analyst T. O’neill forecasts that the company will earn ($5.18) per share for the year. Litchfield Hills Research also issued estimates for Algorhythm’s FY2026 earnings at ($2.85) EPS.

A number of other research firms have also weighed in on RIME. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Algorhythm in a research report on Wednesday, October 8th. Zacks Research raised Algorhythm to a “hold” rating in a research note on Tuesday. One analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $5.00.

Algorhythm Price Performance

Algorhythm stock opened at $0.91 on Wednesday. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 2.50. Algorhythm has a 52-week low of $0.73 and a 52-week high of $6.44. The firm has a market cap of $2.48 million, a PE ratio of -0.16 and a beta of -0.22. The company’s 50 day moving average is $1.24 and its two-hundred day moving average is $1.90.

Algorhythm (NASDAQ:RIME) last announced its quarterly earnings data on Wednesday, November 19th. The company reported ($0.72) earnings per share for the quarter. The company had revenue of $1.74 million for the quarter.

About Algorhythm

Algorhythm Holdings, Inc, together with its subsidiaries, engages in the development, marketing, and sale of consumer karaoke audio equipment, accessories, and musical recordings in North America, Australia, the United Kingdom, Europe, and internationally. It offers karaoke products under the Singing Machine brand; licensed karaoke microphone products under the Carpool Karaoke brand; microphone and accessories, and portable Bluetooth microphones under the Party Machine brand; music entertainment singing machines for children under the brand Singing Machine Kids; connected vehicle karaoke devices; and karaoke music subscription services for the iOS and Android platforms, as well as a web-based download store and integrated streaming services for hardware.