RYTHM (NASDAQ:RYM) Stock Price Down 1.2% – Time to Sell?

RYTHM, Inc. (NASDAQ:RYM)’s share price dropped 1.2% on Friday . The company traded as low as $21.38 and last traded at $21.46. 9,116 shares traded hands during trading, a decline of 20% from the average session volume of 11,329 shares. The stock had previously closed at $21.71.

Analysts Set New Price Targets

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

RYTHM Stock Performance

The firm has a market cap of $46.78 million, a P/E ratio of -1.49 and a beta of 9.46. The firm’s fifty day simple moving average is $26.30 and its 200 day simple moving average is $22.68.

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

Insider Buying and Selling

In other RYTHM news, Director Max Holtzman sold 5,000 shares of the company’s stock in a transaction on 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 $130,000. This represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Armon Vakili sold 2,250 shares of RYTHM stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $26.52, for a total value of $59,670.00. Following the completion of the sale, the director directly owned 10,850 shares of the company’s stock, valued at $287,742. The trade was 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 owned by insiders.

Hedge Funds Weigh In On 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 fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 9,968 shares of the company’s stock, valued at approximately $213,000. Jane Street Group LLC owned 0.46% 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.