RIME Stock: Algorhythm Holdings, Inc. Stock Price, Analysis & Insights
Get live rime stock price $1.52, comprehensive Algorhythm Holdings, Inc. stock analysis, charts, news, and expert forecast. Real-time rime stock data and investment insights.
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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.
Company Information
- CEO
- Gary Atkinson
- Sector
- Technology
- Industry
- Consumer Electronics
- Employees
- 25
Contact Information
- Website
- https://www.algoholdings.com
- Address
- 6301 NW 5th Way
- Country
- US
Investment Analysis & Business Insights
Investment Highlights
✓ Strong presence in the Technology sector with established market position
✓ Lower volatility stock (Beta: -0.24) may provide portfolio stability
Business Model & Strategy
Algorhythm Holdings, Inc. operates in the Consumer Electronics industry, focusing on technology development, software services, and digital solutions. Under the leadership of CEO Gary Atkinson, the company navigates Technology sector dynamics while pursuing growth opportunities. The Consumer Electronics model requires continuous innovation, talent acquisition, and competitive differentiation to maintain competitiveness and drive shareholder value.
Market Position & Competitive Landscape
Algorhythm Holdings, Inc. competes in the Consumer Electronics within the broader Technology. With 3.8 million in market capitalization, the company is positioned as a emerging competitor in its sector. The Technology is characterized by rapid innovation cycles, platform competition, and disruptive trends. As a publicly traded company on the NASDAQ Global Market, Algorhythm Holdings, Inc. provides investors with liquidity and transparency while subject to regulatory oversight. Investors evaluating Algorhythm Holdings, Inc. should consider industry-specific trends, competitive positioning, and Technology sector fundamentals.
Important Investment Considerations
- ⚠All investments carry risk, including potential loss of principal for Algorhythm Holdings, Inc. shareholders
- ⚠Market volatility can significantly impact stock price, especially for smaller companies
- ⚠Sector-specific risks in Technology may affect company performance
- ⚠Past performance does not guarantee future results for Algorhythm Holdings, Inc.
- ⚠Investors should consider how Algorhythm Holdings, Inc. fits within their overall portfolio allocation
- ⚠Valuation metrics suggest potential, but require fundamental analysis
Market Cap
3.82M
P/E Ratio
-0.02
Beta
-0.24
Investment Analysis & Insights
Key Investment Highlights
- Market Position: Technology leader with 3.82M market capitalization
- Trading Volume: 6.46M shares traded today
- Price Range: 52-week range of $1.40 - $68.00
- Exchange: Listed on NASDAQ Global Market
Financial Metrics
Market Analysis for Algorhythm Holdings, Inc.
Algorhythm Holdings, Inc. (RIME) operates in the Consumer Electronics industry within the Technology sector. With a current market capitalization of 3.82M, the company represents a significant player in its market. The stock is currently trading at $1.52 with a negativedaily change of 23.23%.
The company's 25 employee base and presence on the NASDAQ Global Marketexchange position it as a Technology sector leader. Investors should consider the stock's P/E ratio of -0.02, beta of -0.24, and 52-week price range from $1.40 to $68.00when evaluating investment opportunities.
Why Invest in Algorhythm Holdings, Inc.?
Strengths
- • Established market presence in Technology
- • Strong financial metrics and market position
- • Listed on major exchange (NASDAQ Global Market)
- • Experienced leadership under Gary Atkinson
Investment Considerations
- • Monitor sector-specific market trends
- • Track quarterly earnings performance
- • Consider market volatility and beta
- • Evaluate long-term growth potential
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About Technology Sector
The Technology sector includes companies that develop and provide technology products and services, including software, hardware, and digital solutions.