Algorhythm (NASDAQ:RIME) Stock Rating Upgraded by Wall Street Zen

Algorhythm (NASDAQ:RIME) was upgraded by research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a note issued to investors on Saturday.

Separately, Zacks Research upgraded Algorhythm to a “hold” rating in a research report on Tuesday, January 27th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $5.00.

Algorhythm Price Performance

RIME stock opened at $0.66 on Friday. The stock has a market capitalization of $9.68 million, a price-to-earnings ratio of -0.12 and a beta of -0.21. The business’s fifty day moving average price is $1.13 and its two-hundred day moving average price is $1.38. Algorhythm has a fifty-two week low of $0.54 and a fifty-two week high of $4.58.

Algorhythm (NASDAQ:RIME) last posted its quarterly earnings data on Wednesday, April 1st. The company reported ($1.97) earnings per share for the quarter. The business had revenue of $1.37 million during the quarter. Research analysts expect that Algorhythm will post -3.05 EPS for the current year.

Algorhythm Company Profile

Algorhythm Holdings, Inc, together with its subsidiaries, engages in the development, marketing, and sale of consumer karaoke audio equipment, accessories, and musical recordings in North America, Australia, the United Kingdom, Europe, and internationally. It offers karaoke products under the Singing Machine brand; licensed karaoke microphone products under the Carpool Karaoke brand; microphone and accessories, and portable Bluetooth microphones under the Party Machine brand; music entertainment singing machines for children under the brand Singing Machine Kids; connected vehicle karaoke devices; and karaoke music subscription services for the iOS and Android platforms, as well as a web-based download store and integrated streaming services for hardware.