RYTHM (NASDAQ:RYM) Stock Rating Upgraded by Wall Street Zen

Key Points

• Wall Street Zen upgraded RYTHM from a sell to a hold rating, while Weiss Ratings slightly lowered its view to sell (e+). MarketBeat notes the stock’s overall analyst consensus remains Sell.
• RYTHM shares were trading at $26.19, up about 0.5%, with a 12-month range of $14.00 to $53.65. The company has a market cap of about $56.28 million and a very high beta of 9.73.
• In its latest earnings report, RYTHM posted $1.33 EPS on $13.29 million in revenue, but profitability remained weak with a negative net margin and negative return on equity. Institutional ownership is modest, with hedge funds and other investors holding about 5.98% of shares outstanding.

RYTHM (NASDAQ:RYM - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a research note issued on Saturday.

Separately, Weiss Ratings lowered RYTHM from a "sell (d-)" rating to a "sell (e+)" rating in a research report on Friday, April 24th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has an average rating of "Sell".

RYTHM Stock Up 0.5%

Shares of NASDAQ RYM opened at $26.19 on Friday. RYTHM has a 12 month low of $14.00 and a 12 month high of $53.65. The company has a market cap of $56.28 million, a price-to-earnings ratio of -1.82 and a beta of 9.73. The business has a fifty day simple moving average of $22.67 and a 200-day simple moving average of $23.19.

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

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in RYTHM stock. Jane Street Group LLC bought a new position in RYTHM, Inc. (NASDAQ:RYM - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 9,968 shares of the company's stock, valued at approximately $213,000. Jane Street Group LLC owned about 0.46% of RYTHM at the end of the most recent reporting period. Hedge funds and other institutional investors own 5.98% of the company's stock.

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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