RYTHM (NASDAQ:RYM) Shares Down 0.7% – Should You Sell?

RYTHM, Inc. (NASDAQ:RYM) dropped 0.7% during trading on Monday . The company traded as low as $24.55 and last traded at $24.80. Approximately 3,772 shares traded hands during mid-day trading, a decline of 66% from the average daily volume of 11,072 shares. The stock had previously closed at $24.97.

Wall Street Analyst Weigh In

RYM has been the topic of a number of research analyst reports. Wall Street Zen upgraded shares of RYTHM from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Weiss Ratings upgraded shares of RYTHM from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, May 18th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has a consensus rating of “Sell”.

RYTHM Stock Performance

The company’s fifty day simple moving average is $25.59 and its 200-day simple moving average is $21.71. The company has a market capitalization of $53.32 million, a P/E ratio of -1.73 and a beta of 9.47.

RYTHM (NASDAQ:RYM) last issued its 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 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. Geode Capital Management LLC purchased a new stake in shares of RYTHM, Inc. (NASDAQ:RYM) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 13,729 shares of the company’s stock, valued at approximately $293,000. Geode Capital Management LLC owned about 0.64% of RYTHM as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 5.98% of the company’s stock.

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.