RYTHM (NASDAQ:RYM) Trading 9% Higher – Still a Buy?

Shares of RYTHM, Inc. (NASDAQ:RYM) shot up 9% during trading on Friday . The stock traded as high as $18.99 and last traded at $18.99. 2,134 shares were traded during mid-day trading, a decline of 69% from the average session volume of 6,901 shares. The stock had previously closed at $17.42.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on RYM. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of RYTHM in a research report on Monday, December 22nd. Wall Street Zen lowered 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, the stock has an average rating of “Sell”.

RYTHM Trading Up 9.0%

The firm has a market cap of $40.83 million, a P/E ratio of -1.15 and a beta of 9.86. The company has a quick ratio of 1.01, a current ratio of 1.11 and a debt-to-equity ratio of 3.84. The business has a fifty day moving average of $17.42.

RYTHM (NASDAQ:RYM) last issued its quarterly earnings results on Tuesday, March 3rd. The company reported ($6.62) EPS for the quarter. The business had revenue of $10.66 million during the quarter. RYTHM had a negative net margin of 192.43% and a negative return on equity of 191.60%.

Institutional Inflows and Outflows

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