Max Holtzman Sells 5,000 Shares of RYTHM (NASDAQ:RYM) Stock

RYTHM, Inc. (NASDAQ:RYM) Director Max Holtzman sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $26.00, for a total value of $130,000.00. Following the transaction, the director directly owned 5,000 shares in the company, valued at approximately $130,000. This represents a 50.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

RYTHM Stock Up 3.1%

NASDAQ:RYM traded up $0.83 during midday trading on Thursday, reaching $27.98. The stock had a trading volume of 8,747 shares, compared to its average volume of 16,174. The stock has a market cap of $60.16 million, a P/E ratio of -1.95 and a beta of 9.46. The firm has a fifty day simple moving average of $26.94 and a two-hundred day simple moving average of $22.28. RYTHM, Inc. has a 12-month low of $14.00 and a 12-month high of $53.65.

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

Wall Street Analysts Forecast Growth

RYM has been the topic of several recent analyst reports. Weiss Ratings upgraded RYTHM from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, May 18th. Wall Street Zen upgraded RYTHM from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, RYTHM presently has an average rating of “Sell”.

Hedge Funds Weigh In On RYTHM

An institutional investor recently bought a new stake in RYTHM stock. Geode Capital Management LLC acquired a new stake in 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 firm acquired 13,729 shares of the company’s stock, valued at approximately $293,000. Geode Capital Management LLC owned 0.64% of RYTHM as of its most recent SEC filing. 5.98% of the stock is currently owned by institutional investors and hedge funds.

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.