Algorhythm Holdings Inc (NASDAQ: RIME) May Be Attracting Institutional Investments

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours.

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Stocks Info

Algorhythm Holdings Inc is listed on the NASDAQ as a member of the Technology sector and is a part of the Consumer Electronics industry. The current market capitalization of Algorhythm Holdings Inc is $1.48M. A total of 31.53 million shares were traded on the day, compared to an average of 31.98M shares.

In the most recent transaction, AULT MILTON C III sold 365,100 shares of RIME for 0.73 per share on Oct 07 ’24. After the transaction, the Former 10% Owner now owns 945,000 company shares. In a previous transaction on Oct 04 ’24, AULT MILTON C III sold 46,900 shares at 0.47 per share. RIME shares that Former 10% Owner owns now total 1,310,000.

Among the insiders who sold shares, AULT MILTON C III disposed of 4,230 shares on Oct 02 ’24 at a per-share price of $0.47. This resulted in the 10% Owner holding 1,360,000 shares of RIME after the transaction. In another insider transaction, AULT MILTON C III sold 3,000 shares at $0.46 per share on Oct 03 ’24. Company shares held by the 10% Owner now total 1,357,000.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. In terms of 52-week highs and lows, RIME has a high of $1.97 and a low of $0.07.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. RIME’s latest balance sheet shows that the firm has $2.29M in Cash & Short Term Investments as of fiscal 2022. There were $4.42M in debt and $12.02M in liabilities at the time. Its Book Value Per Share was $0.30, while its Total Shareholder’s Equity was $10.04M.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for RIME is Buy with a score of 0.00.

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