RYTHM (NASDAQ:RYM) Posts Earnings Results

RYTHM (NASDAQ:RYM) posted its quarterly earnings data on Friday. The company reported ($5.31) earnings per share (EPS) for the quarter, Zacks reports. RYTHM had a negative net margin of 424.11% and a negative return on equity of 185.90%. The company had revenue of $4.04 million during the quarter.

RYTHM Price Performance

NASDAQ RYM traded down $1.44 on Friday, reaching $37.34. The company’s stock had a trading volume of 8,566 shares, compared to its average volume of 21,578. RYTHM has a twelve month low of $4.29 and a twelve month high of $84.44. The company has a current ratio of 2.64, a quick ratio of 2.52 and a debt-to-equity ratio of 1.43. The company has a market capitalization of $74.68 million, a price-to-earnings ratio of -1.65 and a beta of 9.82.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of RYTHM in a report on Wednesday. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.

Insider Activity at RYTHM

In other RYTHM news, CEO Benjamin Kovler bought 1,000 shares of the business’s stock in a transaction that occurred on Thursday, September 25th. The stock was acquired at an average cost of $37.08 per share, with a total value of $37,080.00. Following the completion of the purchase, the chief executive officer directly owned 19,000 shares in the company, valued at approximately $704,520. This trade represents a 5.56% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. 2.16% of the stock is owned by 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.