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After finishing at $0.03 in the prior trading day, Algorhythm Holdings Inc (NASDAQ: RIME) closed at $0.04, up 10.85%. In other words, the price has increased by $10.85 from its previous closing price. On the day, 274.0 million shares were traded. RIME stock price reached its highest trading level at $0.0395 during the session, while it also had its lowest trading level at $0.035.
Ratios:
Our goal is to gain a better understanding of RIME by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 5.74 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 1.63. For the most recent quarter (mrq), Quick Ratio is recorded 0.43 and its Current Ratio is at 0.87. In the meantime, Its Debt-to-Equity ratio is 0.39 whereas as Long-Term Debt/Eq ratio is at 0.13.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Oct 07 ’24 when AULT MILTON C III sold 365,100 shares for $0.73 per share. The transaction valued at 267,253 led to the insider holds 945,000 shares of the business.
AULT MILTON C III sold 46,900 shares of RIME for $22,174 on Oct 04 ’24. The Former 10% Owner now owns 1,310,000 shares after completing the transaction at $0.47 per share. On Oct 02 ’24, another insider, AULT MILTON C III, who serves as the 10% Owner of the company, sold 4,230 shares for $0.47 each. As a result, the insider received 1,982 and left with 1,360,000 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, RIME now has a Market Capitalization of 3559433 and an Enterprise Value of 5541818. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.11 while its Price-to-Book (P/B) ratio in mrq is 0.13. Its current Enterprise Value per Revenue stands at 0.147 whereas that against EBITDA is -0.699.
Stock Price History:
The Beta on a monthly basis for RIME is 0.20, which has changed by -0.94285715 over the last 52 weeks, in comparison to a change of 0.23809385 over the same period for the S&P500. Over the past 52 weeks, RIME has reached a high of $1.97, while it has fallen to a 52-week low of $0.03. The 50-Day Moving Average of the stock is -73.41%, while the 200-Day Moving Average is calculated to be -94.03%.
Shares Statistics:
The stock has traded on average 75.59M shares per day over the past 3-months and 172880440 shares per day over the last 10 days, according to various share statistics. A total of 94.16M shares are outstanding, with a floating share count of 88.02M. Insiders hold about 6.53% of the company’s shares, while institutions hold 13.06% stake in the company. Shares short for RIME as of 1730332800 were 229207 with a Short Ratio of 0.04, compared to 1727654400 on 47348. Therefore, it implies a Short% of Shares Outstanding of 229207 and a Short% of Float of 3.1600002000000003.
