Algorhythm (NASDAQ:RIME) Upgraded at Zacks Research

Zacks Research upgraded shares of Algorhythm (NASDAQ:RIME) to a hold rating in a report published on Tuesday,Zacks.com reports.

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Algorhythm in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Algorhythm has a consensus rating of “Hold” and a consensus price target of $5.00.

Algorhythm Stock Down 2.3%

Shares of Algorhythm stock opened at $0.91 on Tuesday. The business has a fifty day simple moving average of $1.24 and a 200 day simple moving average of $1.90. The stock has a market cap of $2.48 million, a PE ratio of -0.16 and a beta of -0.22. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 2.50. Algorhythm has a 12 month low of $0.73 and a 12 month high of $6.44.

Algorhythm (NASDAQ:RIME) last issued its earnings results on Wednesday, November 19th. The company reported ($0.72) earnings per share (EPS) for the quarter. The business had revenue of $1.74 million during the quarter.

Algorhythm Company Profile

Algorhythm Holdings, Inc, together with its subsidiaries, engages in the development, marketing, and sale of consumer karaoke audio equipment, accessories, and musical recordings in North America, Australia, the United Kingdom, Europe, and internationally. It offers karaoke products under the Singing Machine brand; licensed karaoke microphone products under the Carpool Karaoke brand; microphone and accessories, and portable Bluetooth microphones under the Party Machine brand; music entertainment singing machines for children under the brand Singing Machine Kids; connected vehicle karaoke devices; and karaoke music subscription services for the iOS and Android platforms, as well as a web-based download store and integrated streaming services for hardware.