RYTHM (NASDAQ:RYM) Issues Earnings Results

Key Points

• RYTHM reported $1.33 EPS for the quarter but shows severe profitability issues with a -191.60% return on equity and a -192.43% net margin.
• The stock traded down 1.5% to $27.62, has a market cap of $59.38 million, a beta of 9.73 and high leverage (debt-to-equity 3.84), with a 52-week range of $14.00–$53.65.
• Institutional activity included Geode Capital buying 13,729 shares (~$293k), but analysts have downgraded the name and the stock carries an average rating of “Sell”.

RYTHM (NASDAQ:RYM - Get Free Report) released its quarterly earnings results on Tuesday. The company reported $1.33 earnings per share for the quarter, Zacks reports. RYTHM had a negative return on equity of 191.60% and a negative net margin of 192.43%.

RYTHM Trading Down 1.5%

Shares of RYM traded down $0.41 during trading hours on Tuesday, hitting $27.62. The company had a trading volume of 6,280 shares, compared to its average volume of 17,800. The firm has a market cap of $59.38 million, a P/E ratio of -1.67 and a beta of 9.73. The stock's 50 day moving average price is $21.96 and its 200 day moving average price is $23.55. The company has a quick ratio of 1.01, a current ratio of 1.11 and a debt-to-equity ratio of 3.84. RYTHM has a 52-week low of $14.00 and a 52-week high of $53.65.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in RYTHM stock. Geode Capital Management LLC bought a new position in RYTHM, Inc. (NASDAQ:RYM - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 13,729 shares of the company's stock, valued at approximately $293,000. Geode Capital Management LLC owned about 0.64% of RYTHM at the end of the most recent reporting period. Institutional investors and hedge funds own 5.98% of the company's stock.

Wall Street Analyst Weigh In

RYM has been the topic of several analyst reports. Weiss Ratings downgraded RYTHM from a "sell (d-)" rating to a "sell (e+)" rating in a report on Friday, April 24th. Wall Street Zen downgraded RYTHM from a "hold" rating to a "sell" rating in a report on Saturday, January 31st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, 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.

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