RYTHM (NASDAQ:RYM) Announces Earnings Results

RYTHM (NASDAQ:RYM) posted its quarterly earnings data on Wednesday. The company reported ($0.07) EPS for the quarter, FiscalAI reports. The firm had revenue of $23.86 million for the quarter. RYTHM had a net margin of 9.84% and a return on equity of 23.49%.

RYTHM Trading Up 1.2%

RYM traded up $0.20 during trading on Friday, hitting $16.45. 1,008 shares of the company traded hands, compared to its average volume of 15,499. The company has a market cap of $35.84 million, a PE ratio of -3.12 and a beta of 9.94. The stock’s 50-day simple moving average is $20.13 and its two-hundred day simple moving average is $21.82. RYTHM has a 1 year low of $14.00 and a 1 year high of $50.38.

Institutional Investors Weigh In On RYTHM

A hedge fund recently bought a new position in RYTHM stock. Corient Private Wealth LP acquired a new stake in RYTHM, Inc. (NASDAQ:RYM) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 9,500 shares of the company’s stock, valued at approximately $242,000. Corient Private Wealth LP owned about 0.44% of RYTHM at the end of the most recent reporting period. 5.98% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of RYTHM in a report on Thursday, August 13th. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the stock currently has an average rating of “Sell”.

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.