RYTHM (NASDAQ:RYM) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of RYTHM (NASDAQ:RYM) from a sell rating to a hold rating in a report published on Saturday.

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of RYTHM in a research report on Tuesday, November 11th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, RYTHM has an average rating of “Sell”.

RYTHM Stock Down 4.3%

NASDAQ:RYM opened at $19.14 on Friday. The firm has a market cap of $38.28 million, a price-to-earnings ratio of -1.80 and a beta of 9.82. The company has a debt-to-equity ratio of 6.82, a quick ratio of 1.78 and a current ratio of 1.99. RYTHM has a 52-week low of $13.22 and a 52-week high of $84.44.

RYTHM (NASDAQ:RYM) last released its earnings results on Friday, November 7th. The company reported ($5.31) EPS for the quarter. RYTHM had a negative net margin of 269.95% and a negative return on equity of 146.47%. The firm had revenue of $4.04 million during the quarter.

Insider Activity at RYTHM

In related news, CEO Benjamin Kovler purchased 1,000 shares of the stock in a transaction dated Thursday, September 25th. The stock was bought at an average cost of $37.08 per share, with a total value of $37,080.00. Following the purchase, the chief executive officer directly owned 19,000 shares in the company, valued at $704,520. The trade was a 5.56% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. 2.16% of the stock is currently owned by company insiders.

RYTHM Company Profile

Agrify Corporation develops precision hardware and software cultivation and extraction solutions for the cannabis and hemp industry in the United States. The company offers vertical farming units and Agrify Insights Software-as-a-Service software; integrated grow racks and LED grow lights; and non-proprietary products designed, engineered, and manufactured by third parties, such as air cleaning systems and pesticide-free surface protection products.