Litchfield Hills Research Forecasts Algorhythm FY2027 Earnings

Algorhythm Holdings, Inc. (NASDAQ:RIME) – Stock analysts at Litchfield Hills Research issued their FY2027 earnings per share estimates for Algorhythm in a research report issued on Monday, April 6th. Litchfield Hills Research analyst T. O’neill anticipates that the company will post earnings per share of ($1.98) for the year.

Several other research analysts have also commented on RIME. Wall Street Zen upgraded Algorhythm to a “sell” rating in a research report on Saturday, February 14th. Zacks Research upgraded Algorhythm to a “hold” rating in a research report on Tuesday, January 27th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $5.00.

Algorhythm Trading Down 10.3%

RIME opened at $1.05 on Tuesday. The firm has a market cap of $2.86 million, a P/E ratio of -0.19 and a beta of -0.18. Algorhythm has a 12 month low of $0.73 and a 12 month high of $4.58. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 2.50. The stock has a 50-day moving average of $1.50 and a 200 day moving average of $1.64.

About Algorhythm

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.