RYTHM (NASDAQ:RYM) Director Sells $59,670.00 in Stock

RYTHM, Inc. (NASDAQ:RYM) Director Armon Vakili sold 2,250 shares of the 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 sale, the director owned 10,850 shares in the company, valued at approximately $287,742. This trade represents a 17.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

RYTHM Price Performance

Shares of RYM stock opened at $27.98 on Friday. The firm has a 50 day moving average of $27.09 and a two-hundred day moving average of $22.38. The stock has a market capitalization of $60.16 million, a PE ratio of -1.95 and a beta of 9.46. RYTHM, Inc. has a 52 week low of $14.00 and a 52 week high of $53.65.

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

Institutional Trading of RYTHM

An institutional investor recently bought a new position in RYTHM stock. Jane Street Group LLC purchased a new position in shares of RYTHM, Inc. (NASDAQ:RYM) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 9,968 shares of the company’s stock, valued at approximately $213,000. Jane Street Group LLC owned 0.46% of RYTHM as of its most recent SEC filing. 5.98% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Wall Street Zen upgraded RYTHM from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Weiss Ratings upgraded RYTHM from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, May 18th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

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.