RYTHM (NASDAQ:RYM) Stock Price Up 14% – Should You Buy?

RYTHM, Inc. (NASDAQ:RYM)’s stock price was up 14% during mid-day trading on Monday . The company traded as high as $20.85 and last traded at $20.65. Approximately 23,254 shares traded hands during trading, an increase of 93% from the average session volume of 12,073 shares. The stock had previously closed at $18.12.

Wall Street Analyst Weigh In

A number of research firms have weighed in on RYM. Weiss Ratings raised RYTHM from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, May 18th. Wall Street Zen upgraded shares of RYTHM from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has an average rating of “Sell”.

RYTHM Stock Down 1.8%

The company has a market cap of $54.48 million, a P/E ratio of -1.74 and a beta of 9.47. The stock has a 50 day moving average price of $24.14 and a two-hundred day moving average price of $22.48.

RYTHM (NASDAQ:RYM) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $0.09 earnings per share (EPS) for the quarter. The firm had revenue of $23.02 million during the quarter. RYTHM had a negative net margin of 38.99% and a negative return on equity of 56.12%.

Insider Buying and Selling at RYTHM

In other news, Director Armon Vakili sold 2,250 shares of the stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $26.52, for a total value of $59,670.00. Following the completion of the transaction, the director directly owned 10,850 shares in the company, valued at approximately $287,742. This represents a 17.18% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Max Holtzman sold 5,000 shares of the stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $26.00, for a total value of $130,000.00. Following the completion of the transaction, the director owned 5,000 shares of the company’s stock, valued at $130,000. This represents a 50.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 3.48% of the company’s stock.

Hedge Funds Weigh In On RYTHM

A hedge fund recently bought a new position in RYTHM stock. Jane Street Group LLC acquired a new position in shares of RYTHM, Inc. (NASDAQ:RYM) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 9,968 shares of the company’s stock, valued at approximately $213,000. Jane Street Group LLC owned 0.46% of RYTHM as of its most recent SEC filing. 5.98% of the stock is currently owned by institutional investors.

About RYTHM

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.