RYTHM (NASDAQ:RYM) Director Armon Vakili Sells 2,250 Shares

RYTHM, Inc. (NASDAQ:RYM) Director Armon Vakili sold 2,250 shares of the firm’s stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $26.52, for a total transaction of $59,670.00. Following the transaction, the director owned 10,850 shares of the company’s stock, valued at approximately $287,742. This represents a 17.18% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

RYTHM Trading Up 3.1%

RYM stock opened at $27.98 on Friday. RYTHM, Inc. has a 1-year low of $14.00 and a 1-year high of $53.65. The business’s 50 day moving average is $27.01 and its 200-day moving average is $22.34. The firm has a market cap of $60.16 million, a P/E ratio of -1.95 and a beta of 9.46.

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

Wall Street Analyst Weigh In

Several brokerages recently issued reports on RYM. Wall Street Zen raised shares of RYTHM from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Weiss Ratings raised shares of RYTHM from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, May 18th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, RYTHM presently has a consensus rating of “Sell”.

Institutional Investors Weigh In On RYTHM

An institutional investor recently bought a new stake in RYTHM stock. Geode Capital Management LLC purchased a new stake in shares of RYTHM, Inc. (NASDAQ:RYM) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 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 hedge funds and other 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.