Insider Selling: RYTHM (NASDAQ:RYM) Director Sells 2,250 Shares of Stock

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

RYTHM Price Performance

NASDAQ RYM traded up $0.83 during mid-day trading on Thursday, reaching $27.98. 8,747 shares of the stock were exchanged, compared to its average volume of 16,174. The stock has a market cap of $60.16 million, a P/E ratio of -1.95 and a beta of 9.46. RYTHM, Inc. has a one year low of $14.00 and a one year high of $53.65. The stock has a 50 day simple moving average of $26.94 and a 200-day simple moving average of $22.28.

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

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Wall Street Zen upgraded RYTHM from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Weiss Ratings raised 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, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Get Our Latest Stock Report on RYM

Institutional Inflows and Outflows

An institutional investor recently bought a new position in RYTHM stock. Geode Capital Management LLC purchased a new position in RYTHM, Inc. (NASDAQ:RYMFree Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 13,729 shares of the company’s stock, valued at approximately $293,000. Geode Capital Management LLC owned 0.64% of RYTHM at the end of the most recent quarter. Institutional investors own 5.98% of the company’s stock.

About RYTHM

(Get Free Report)

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.

Further Reading

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