Algorhythm (RIME) Stock Price, News & Analysis

Company Overview

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. The company primarily sells its products to retailers, including national chains, warehouse clubs, department stores, lifestyle merchants, specialty stores, and direct mail catalogs and showrooms. The company was formerly known as The Singing Machine Company, Inc. and changed its name to Algorhythm Holdings, Inc. in September 2024. Algorhythm Holdings, Inc. was incorporated in 1982 and is headquartered in Fort Lauderdale, Florida.

Key Stats

• Today's Range: $0.33 to $0.35
• 50-Day Range: $0.27 to $0.66
• 52-Week Range: $0.25 to $1.97
• Volume: 70,331 shs
• Average Volume: 1.25 million shs
• Market Capitalization: $3.39 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: N/A
• Consensus Rating: N/A

RIME Stock Analysis - Frequently Asked Questions

How have RIME shares performed this year?

Algorhythm's stock was trading at $0.64 at the beginning of 2024. Since then, RIME stock has decreased by 45.6% and is now trading at $0.3480.
View the best growth stocks for 2024 here.

How were Algorhythm's earnings last quarter?

Algorhythm Holdings, Inc. (NASDAQ:RIME) released its earnings results on Monday, August, 19th. The company reported ($0.95) earnings per share (EPS) for the quarter. The company had revenue of $2.44 million for the quarter.

How do I buy shares of Algorhythm?

Shares of RIME stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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Company Calendar

• Last Earnings: 8/19/2024
• Today: 11/12/2024
• Next Earnings (Estimated): 11/18/2024
• Fiscal Year End: 3/31/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Business Services
• Industry: Prerecorded records & tapes
• Sub-Industry: N/A
• Current Symbol: NASDAQ:RIME
• CUSIP: N/A
• CIK: 923601
• Web: singingmachine.com
• Phone: (954) 596-1000
• Fax: 954-596-2000
• Employees: 27
• Year Founded: N/A

Profitability

• EPS (Most Recent Fiscal Year): N/A
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-2,370,000.00
• Net Margins: N/A
• Pretax Margin: -40.33%
• Return on Equity: -155.23%
• Return on Assets: -36.24%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 1.30
• Quick Ratio: 0.54

Sales & Book Value

• Annual Sales: $29.05 million
• Price / Sales: 0.12
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $1.24 per share
• Price / Book: 0.28

Miscellaneous

• Outstanding Shares: 9,737,000
• Free Float: 5,112,000
• Market Cap: $3.39 million
• Optionable: N/A
• Beta: 0.23