RYTHM (NASDAQ:RYM) Trading Up 7.8% – Here’s What Happened
by Renee Jackson · The Cerbat GemRYTHM, Inc. (NASDAQ:RYM – Get Free Report) was up 7.8% on Monday . The stock traded as high as $27.50 and last traded at $27.06. Approximately 27,263 shares were traded during mid-day trading, an increase of 26% from the average daily volume of 21,676 shares. The stock had previously closed at $25.10.
Wall Street Analyst Weigh In
Several equities analysts have recently weighed in on RYM shares. Wall Street Zen lowered RYTHM from a “hold” rating to a “sell” rating in a research note on Saturday, January 31st. Weiss Ratings reissued a “sell (d-)” rating on shares of RYTHM in a research report on Friday, April 10th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has an average rating of “Sell”.
Check Out Our Latest Stock Report on RYM
RYTHM Stock Performance
The stock has a 50-day simple moving average of $20.19 and a 200-day simple moving average of $24.34. The company has a market capitalization of $65.40 million, a price-to-earnings ratio of -1.84 and a beta of 9.82. The company has a current ratio of 1.11, a quick ratio of 1.01 and a debt-to-equity ratio of 3.84.
Institutional Investors Weigh In On RYTHM
A hedge fund recently bought a new stake in RYTHM stock. Jane Street Group LLC acquired a new position in shares of RYTHM, Inc. (NASDAQ:RYM – Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 9,968 shares of the company’s stock, valued at approximately $213,000. Jane Street Group LLC owned about 0.46% of RYTHM at the end of the most recent reporting period. 5.98% of the stock is currently owned by institutional investors and hedge funds.
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.