Litchfield Hills Research Comments on Algorhythm FY2027 Earnings

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

A number of other equities analysts have also issued reports on the stock. Zacks Research raised shares of Algorhythm to a “hold” rating in a research report on Tuesday, January 27th. Wall Street Zen raised shares of Algorhythm to a “sell” rating in a research report on Saturday, February 14th. One 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 MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $5.00.

Algorhythm Stock Performance

RIME opened at $1.17 on Tuesday. 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 firm has a market capitalization of $3.18 million, a PE ratio of -0.21 and a beta of -0.18. The firm has a 50 day moving average of $1.49 and a two-hundred day moving average of $1.65.

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.