Algorhythm Holdings Inc (NASDAQ:RIME) traded at $0.23 at close of the session on current trade day and made an upward move of 56.77% on its previous day’s price.
Looking at the stock we see that its previous close was $0.14 and the beta (5Y monthly) reads 0.228 with the day’s price range being $0.1727 – $0.3386. In terms of its 52-week price range, RIME has a high of $1.97 and a low of $0.07. The company’s stock has gained about 149.72% over that past 30 days.
Algorhythm Holdings Inc has a market cap of $21.38 million and is expected to release its quarterly earnings report in February.
On the other hand, looking at the outlook for the RIME stock, short term indicators assign the stock an average of 50% Sell, while medium term indicators assign it an average of 50% Sell.
Looking further, we note the current price level is 129.72% off its SMA20 and 15.01% from its 50-day simple moving average. The RSI (14) is pointing at 68.38 while the volatility over the past week is 44.13% and jumps to 28.74% over the past one month. The beta value is 0.32, while the average true range (ATR) is currently pointing at 0.04.
Coming back to Algorhythm Holdings Inc (NASDAQ:RIME), we note that the average 3-month trading volume was 41.95 million, while that of the preceding 10-day period stands at 56.39 million. Current shares outstanding are 94.16 million.
The insiders hold 30.57% of the company’s shares while institutions hold 13.05%. The data shows that short shares as of 2024-10-31, stood at 0.23 million at a short ratio of 0.02. This represents a 316.00 short interest in shares outstanding on 2024-10-31. Shares short rose in October from the previous month at 47348.0. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 157.95% up in year-to-date price movement.
