In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
Algorhythm Holdings Inc (NASDAQ: RIME) closed the day trading at $0.08 down -22.19% from the previous closing price of $0.10. In other words, the price has decreased by -$22.19 from its previous closing price. On the day, 64.65 million shares were traded. RIME stock price reached its highest trading level at $0.0922 during the session, while it also had its lowest trading level at $0.0745.
Ratios:
For a better understanding of RIME, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 11.87 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 3.38. 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 7363694 and an Enterprise Value of 5541818. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.23 while its Price-to-Book (P/B) ratio in mrq is 0.26. 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 0.28, which has changed by -0.875 over the last 52 weeks, in comparison to a change of 0.23147523 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 $0.07. The 50-Day Moving Average of the stock is -56.49%, while the 200-Day Moving Average is calculated to be -88.22%.
Shares Statistics:
Over the past 3-months, RIME traded about 53.61M shares per day on average, while over the past 10 days, RIME traded about 121224090 shares per day. A total of 94.16M shares are outstanding, with a floating share count of 53.45M. Insiders hold about 43.23% 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 0.06, compared to 1727654400 on 47348. Therefore, it implies a Short% of Shares Outstanding of 229207 and a Short% of Float of 3.1600002000000003.
Earnings Estimates
The consensus estimate for the next quarter is $0, with high estimates of $0 and low estimates of $0.
Analysts are recommending an EPS of between $0 and $0 for the fiscal current year, implying an average EPS of $0.
