Witnessing the stock’s movement on the chart, on Thursday, Algorhythm Holdings Inc (NASDAQ: RIME) had a quiet start as it plunged -10.40% to $0.27, before settling in for the price of $0.30 at the close. Taking a more long-term approach, RIME posted a 52-week range of $0.29-$1.97.
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This publicly-traded company’s shares outstanding now amounts to $9.74 million, simultaneously with a float of $5.39 million. The organization now has a market capitalization sitting at $2.60 million. At the time of writing, stock’s 50-day Moving Average stood at $0.5220, while the 200-day Moving Average is $0.8334.
Algorhythm Holdings Inc (RIME) Ownership Facts and Figures
Nothing is more important than checking the behaviour of major investors towards the stock of the Consumer Electronics industry. Algorhythm Holdings Inc’s current insider ownership accounts for 44.63%, in contrast to 2.75% institutional ownership. According to the most recent insider trade that took place on Oct 07 ’24, this organization’s Former 10% Owner sold 365,100 shares at the rate of 0.73, making the entire transaction reach 267,253 in total value, affecting insider ownership by 945,000. Preceding that transaction, on Oct 04 ’24, Company’s Former 10% Owner sold 46,900 for 0.47, making the whole transaction’s value amount to 22,174. This particular insider is now the holder of 1,310,000 in total.
Algorhythm Holdings Inc (NASDAQ: RIME) Trading Performance Indicators
Let’s observe the current performance indicators for Algorhythm Holdings Inc (RIME). It’s Quick Ratio in the last reported quarter now stands at 0.54. The Stock has managed to achieve an average true range (ATR) of 0.07. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 0.08. Similarly, its price to free cash flow for trailing twelve months is now 1.19.
In the same vein, RIME’s Diluted EPS (Earnings per Share) trailing twelve months is recorded -2.29.
Technical Analysis of Algorhythm Holdings Inc (RIME)
Going through the that latest performance of [Algorhythm Holdings Inc, RIME]. Its last 5-days volume of 0.51 million was inferior to the volume of 1.28 million it revealed a year ago. During the previous 9 days, stock’s Stochastic %D was recorded 8.37% While, its Average True Range was 0.0577.
Raw Stochastic average of Algorhythm Holdings Inc (RIME) in the period of the previous 100 days is set at 0.95%, which indicates a major fall in contrast to 5.62% during the last 2-weeks. If we go through the volatility metrics of the stock, In the past 14-days, Company’s historic volatility was 102.99% that was lower than 147.44% volatility it exhibited in the past 100-days period.
