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In the latest session, Algorhythm Holdings Inc (NASDAQ: RIME) closed at $0.23 down -24.75% from its previous closing price of $0.30. In other words, the price has decreased by -$24.75 from its previous closing price. On the day, 1.94 million shares were traded. RIME stock price reached its highest trading level at $0.302 during the session, while it also had its lowest trading level at $0.2221.
Ratios:
For a deeper understanding of Algorhythm Holdings Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 1.78 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 1.02. For the most recent quarter (mrq), Quick Ratio is recorded 0.54 and its Current Ratio is at 1.30.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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 2724252 and an Enterprise Value of 5285738. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.07. Its current Enterprise Value per Revenue stands at 0.14 whereas that against EBITDA is -0.667.
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 $0.25. The 50-Day Moving Average of the stock is -50.97%, while the 200-Day Moving Average is calculated to be -71.80%.
Shares Statistics:
For the past three months, RIME has traded an average of 3.57M shares per day and 422100 over the past ten days. A total of 9.74M shares are outstanding, with a floating share count of 5.39M. Insiders hold about 44.63% of the company’s shares, while institutions hold 2.40% stake in the company. Shares short for RIME as of 1730332800 were 229207 with a Short Ratio of 0.06, compared to 1727654400 on 47348. Therefore, it implies a Short% of Shares Outstanding of 229207 and a Short% of Float of 3.1600002000000003.
