Algorhythm Holdings Inc (NASDAQ:RIME) currently has a daily average trading volume of 3.74M but it saw 1055096 shares traded in last market. With a market cap of 2.43M USD, the company’s current market price of $0.17 came falling about -10.32 while comparing to the previous closing price of $0.19. In past 52 weeks, the stock remained buoying in the range of price level as high as $1.97 and as low as $0.19. In the recent trading on the day, stock has struck highest price mark of $0.168 while lowest mark touched by it was $0.1895.
Taking a look at 20-day trading activity of Algorhythm Holdings Inc (RIME) gives us an average price of $0.2575, while its current price level is -91.31% below from 52-week high level whereas it is -8.01% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $0.3645 while that of 200 days or SMA-200 reads an average of $0.7825. A closer look into the stock’s movement over the week reveals that its volatility is standing at 12.61% during that period while stretching the period over a month that increases to 15.86%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 29.07 which implies that the stock is in oversold territory.
Over the week, RIME’s stock price is moving -28.71% down while it is -45.27% when we observe its performance for the past one month. Year-to-date it is -83.06% down and over the past year, the stock is showing a downside performance of -86.20%.
The company is expected to be releasing its next quarterly report in January, for which analysts forecasted an EPS of 0 while estimate for next year EPS is 0.
Currently, Algorhythm Holdings Inc’s total number of outstanding shares is 9.75M. Company’s return on investment (ROI) stands at -286.78%. Stock’s beta reads 0.19. Stock has a price to book (P/B) ratio of 0.58 while price to sale or P/S ratio amounts to 0.07.
