RYTHM (NASDAQ:RYM) Issues Quarterly Earnings Results

RYTHM (NASDAQ:RYM) announced its quarterly earnings data on Tuesday. The company reported $1.33 earnings per share for the quarter, Zacks reports. RYTHM had a negative return on equity of 191.60% and a negative net margin of 192.43%.The firm had revenue of $13.29 million during the quarter.

RYTHM Trading Up 11.8%

Shares of RYM stock traded up $3.26 on Wednesday, reaching $30.88. The company had a trading volume of 3,660 shares, compared to its average volume of 17,611. The company has a current ratio of 1.11, a quick ratio of 1.01 and a debt-to-equity ratio of 3.84. The stock has a market cap of $66.35 million, a PE ratio of -1.87 and a beta of 9.73. The company has a 50-day moving average of $22.21 and a 200-day moving average of $23.42. RYTHM has a 12 month low of $14.00 and a 12 month high of $53.65.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in RYTHM stock. Geode Capital Management LLC purchased a new position in shares of RYTHM, Inc. (NASDAQ:RYM) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 13,729 shares of the company’s stock, valued at approximately $293,000. Geode Capital Management LLC owned 0.64% of RYTHM at the end of the most recent reporting period. 5.98% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently commented on RYM shares. Wall Street Zen cut shares of RYTHM from a “hold” rating to a “sell” rating in a research report on Saturday, January 31st. Weiss Ratings lowered shares of RYTHM from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, April 24th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, RYTHM currently has a consensus rating of “Sell”.

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. It also provides associated services comprising consulting, engineering, and construction.