RYTHM (NASDAQ:RYM) Stock Price Up 9% – Still a Buy?

RYTHM, Inc. (NASDAQ:RYM)’s share price traded up 9% during trading on Friday . The stock traded as high as $18.99 and last traded at $18.99. 2,134 shares changed hands during mid-day trading, a decline of 69% from the average session volume of 6,901 shares. The stock had previously closed at $17.42.

Wall Street Analysts Forecast Growth

RYM has been the subject of several recent analyst reports. Weiss Ratings restated a “sell (d-)” rating on shares of RYTHM in a research report on Monday, December 22nd. Wall Street Zen lowered shares of RYTHM from a “hold” rating to a “sell” rating in a research note on Saturday, January 31st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

RYTHM Trading Up 9.0%

The stock has a market cap of $40.83 million, a PE ratio of -1.15 and a beta of 9.86. The business has a 50 day moving average of $17.42. The company has a current ratio of 1.11, a quick ratio of 1.01 and a debt-to-equity ratio of 3.84.

RYTHM (NASDAQ:RYM) last issued its quarterly earnings data on Tuesday, March 3rd. The company reported ($6.62) earnings per share for the quarter. The firm had revenue of $10.66 million during the quarter. RYTHM had a negative net margin of 192.43% and a negative return on equity of 191.60%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in RYTHM stock. Jane Street Group LLC bought a new position in shares of RYTHM, Inc. (NASDAQ:RYM) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 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 filing with the Securities and Exchange Commission (SEC). 5.98% of the stock is 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.