Insider Selling: RYTHM (NASDAQ:RYM) Director Sells $130,000.00 in Stock

RYTHM, Inc. (NASDAQ:RYM) Director Max Holtzman sold 5,000 shares of RYTHM stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $26.00, for a total value of $130,000.00. Following the completion of the transaction, the director directly owned 5,000 shares in the company, valued at $130,000. This trade represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

RYTHM Price Performance

RYM opened at $27.98 on Friday. The firm has a market capitalization of $60.16 million, a price-to-earnings ratio of -1.95 and a beta of 9.46. The business has a 50 day simple moving average of $27.09 and a two-hundred day simple moving average of $22.38. RYTHM, Inc. has a one year low of $14.00 and a one year high of $53.65.

RYTHM (NASDAQ:RYM) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $1.33 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.

Analyst Upgrades and Downgrades

RYM has been the subject of several research reports. Weiss Ratings raised shares of RYTHM from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, May 18th. Wall Street Zen raised shares of 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 MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Institutional Trading of RYTHM

An institutional investor recently bought a new stake in RYTHM stock. Jane Street Group LLC acquired a new stake in shares of RYTHM, Inc. (NASDAQ:RYM) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 9,968 shares of the company’s stock, valued at approximately $213,000. Jane Street Group LLC owned about 0.46% of RYTHM as of its most recent SEC filing. Institutional investors and hedge funds own 5.98% of the company’s stock.

About RYTHM

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.