Beyond market averages, investors looking for exceptional returns turn to stock picking. Skillful choices in individual stocks have the power to substantially increase your wealth.
The price of Algorhythm Holdings Inc (NASDAQ: RIME) closed at $0.23 in the last session, up 56.77% from day before closing price of $0.14. In other words, the price has increased by $56.77 from its previous closing price. On the day, 670.21 million shares were traded. RIME stock price reached its highest trading level at $0.3386 during the session, while it also had its lowest trading level at $0.1727.
Ratios:
We take a closer look at RIME’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 34.49 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 9.81. 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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. 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 21375432 and an Enterprise Value of 5541818. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.66 while its Price-to-Book (P/B) ratio in mrq is 0.77. Its current Enterprise Value per Revenue stands at 0.147 whereas that against EBITDA is -0.699.
Stock Price History:
Over the past 52 weeks, RIME has reached a high of $1.97, while it has fallen to a 52-week low of $0.07. The 50-Day Moving Average of the stock is 15.01%, while the 200-Day Moving Average is calculated to be -66.71%.
Shares Statistics:
According to the various share statistics, RIME traded on average about 41.95M shares per day over the past 3-months and 56392460 shares per day over the past 10 days. A total of 94.16M shares are outstanding, with a floating share count of 65.38M. Insiders hold about 30.57% of the company’s shares, while institutions hold 13.05% 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.
