Algorhythm Holdings Inc (NASDAQ:RIME) shares traded 4.11% higher at $0.08 on Wall Street last session.
RIME stock price is now -73.00% away from the 50-day moving average and -89.25% away from the 200-day moving average. The market capitalization of the company currently stands at $1.54M.
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In other news, AULT MILTON C III, Former 10% Owner sold 365,100 shares of the company’s stock on Oct 07 ’24. The stock was sold for $267,253 at an average price of $0.73. Upon completion of the transaction, the Former 10% Owner now directly owns 945,000 shares in the company, valued at $75600.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 04 ’24, Former 10% Owner AULT MILTON C III sold 46,900 shares of the business’s stock. A total of $22,174 was realized by selling the stock at an average price of $0.47. This leaves the insider owning 1,310,000 shares of the company worth $0.1 million. A total of 30.57% of the company’s stock is owned by insiders.
During the past 12 months, Algorhythm Holdings Inc has had a low of $0.07 and a high of $1.97. As of last week, the company has a debt-to-equity ratio of 0.39, a current ratio of 0.87, and a quick ratio of 0.43. The fifty day moving average price for RIME is $0.308 and a two-hundred day moving average price translates $0.7578 for the stock.
The latest earnings results from Algorhythm Holdings Inc (NASDAQ: RIME) was released for 2024-06-30. The company reported revenue of $10.62 million for the quarter, compared to $15.93 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -33.32 percent.
