Wall Street Zen Upgrades RYTHM (NASDAQ:RYM) to Hold

RYTHM (NASDAQ:RYM) was upgraded by Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

Separately, Weiss Ratings lowered shares of RYTHM from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, April 24th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

RYTHM Price Performance

NASDAQ RYM opened at $26.19 on Friday. The company has a fifty day moving average of $22.67 and a two-hundred day moving average of $23.19. The firm has a market capitalization of $56.31 million, a price-to-earnings ratio of -1.82 and a beta of 9.73. RYTHM has a 52 week low of $14.00 and a 52 week high of $53.65.

RYTHM (NASDAQ:RYM) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $1.33 EPS for the quarter. The company had revenue of $13.29 million during the quarter. RYTHM had a negative net margin of 38.99% and a negative return on equity of 56.12%.

Institutional Trading of RYTHM

An institutional investor recently bought a new position in RYTHM stock. Jane Street Group LLC acquired a new stake in RYTHM, Inc. (NASDAQ:RYM) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 9,968 shares of the company’s stock, valued at approximately $213,000. Jane Street Group LLC owned approximately 0.46% of RYTHM at the end of the most recent reporting period. Institutional investors and hedge funds own 5.98% of the company’s stock.

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. It also provides associated services comprising consulting, engineering, and construction.