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Algorhythm Holdings Inc

Algorhythm Holdings Inc (RIME)

0.3499
0.0449
(14.72%)
Closed November 09 4:00PM
0.3498
-0.0001
(-0.03%)
After Hours: 7:34PM

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Key stats and details

Current Price
0.3498
Bid
0.3498
Ask
0.35
Volume
684,513
0.30 Day's Range 0.3605
0.251 52 Week Range 0.7861
Previous Close
0.305
Open
0.3008
Last Trade Time
Average Volume (3m)
5,023,585
Financial Volume
$ 229,739
VWAP
0.335624

RIME Latest News

SemiCab Wins Contract with Apollo Tyres, $3 Billion Global Tire Manufacturer, for New Indian Commercial Pilot

Apollo Tyres, Ltd Awards SemiCab Scalable Pilot Contract for Transportation Services in India Fort Lauderdale, FL, Oct. 17, 2024 (GLOBE NEWSWIRE) -- Algorhythm Holdings, Inc. (“Algorhythm”...

SemiCab Wins Major New Contract with $10 Billion Indian Consumer Packaged Goods Company for New Pilot in India 

Multinational Consumer Goods Company Enters into a Commercially Scalable Pilot with SemiCab Serving the Indian Market Fort Lauderdale, FL, Oct. 09, 2024 (GLOBE NEWSWIRE) -- Algorhythm Holdings...

Algorhythm Holdings Announces Termination of its At-the-Market Equity Program

Fort Lauderdale, FL, Oct. 08, 2024 (GLOBE NEWSWIRE) -- Algorhythm Holdings, Inc. (“Algorhythm”) (NASDAQ: RIME), an AI-driven technology and consumer electronics holding company, announced it has...

SemiCab Wins Contract with $200 Billion Global Consumer Packaged Goods Company for New US Pilot 

Global Beverage, Food & Snack Company Enters into a Strategic Initiative with SemiCab, Largest US Customer to Date Fort Lauderdale, FL, Oct. 07, 2024 (GLOBE NEWSWIRE) -- Algorhythm Holdings...

PeriodChangeChange %OpenHighLowAvg. Daily VolVWAP
10.086833.00380228140.2630.3550.25262138240.30192186CS
4-0.1442-29.19028340080.4940.550.25113758570.40566312CS
12-0.4002-53.360.750.78610.25150235850.56674874CS
26-0.4002-53.360.750.78610.25150235850.56674874CS
52-0.4002-53.360.750.78610.25150235850.56674874CS
156-0.4002-53.360.750.78610.25150235850.56674874CS
260-0.4002-53.360.750.78610.25150235850.56674874CS

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RIME Discussion

View Posts
Invest-in-America Invest-in-America 3 weeks ago
RIME: Got some news ---

"SemiCab Wins Contract with Apollo Tyres, $3 Billion Global Tire Manufacturer, for New Indian Commercial Pilot"
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Invest-in-America Invest-in-America 1 month ago
-----------------------------------------------------------
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TrendTrade2016 TrendTrade2016 1 month ago
OUT HERE...DILUTING
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tw0122 tw0122 1 month ago
Trying to hold .70 for now.. the Company raised approximately $1.4 million in gross proceeds, selling approximately 2.16 million shares of common stock at an average share price of $0.65 per share.
Gary Atkinson, the Company’s CEO commented, “We’re pleased to have successfully utilized the ATM as the most cost-effective form of raising equity capital. The Company successfully met its goal of bolstering its balance sheet without issuing warrants or providing a discount to market. The proceeds from the ATM will provide the Company with access to working capital while we continue to execute on the respective business objectives for our global karaoke brand, the Singing Machine, and our rapidly emerging AI logistics business, SemiCab.”

“Our two holdings are positioned for an exciting fourth quarter. Our karaoke consumer electronics division is ramping up for peak sales during the holiday shopping season, with our automotive karaoke microphone business on track to secure its first OEM partnership by the end of Q4 2024. As announced yesterday, our U.S.-based AI logistics business continues to gain momentum, winning new clients and expanding existing relationships. Meanwhile, our Indian AI logistics business is in the final stages of acquisition integration and is set to onboard several key clients in the coming quarter.”

“With this positive momentum, we are pleased to strengthen our liquidity, strategically reduce leverage on the balance sheet, and accelerate operations across all areas,” concluded Mr. Atkinson.

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glenn1919 glenn1919 1 month ago
RIME.............................https://stockcharts.com/h-sc/ui?s=RIME&p=W&b=5&g=0&id=p86431144783
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TrendTrade2016 TrendTrade2016 1 month ago
RIME...88C MAGNET
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TrendTrade2016 TrendTrade2016 1 month ago
RIME BLOWING UP
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Awl416 Awl416 1 month ago
SemiCab Wins Major New Contract with $10 Billion Indian Consumer Packaged Goods Company for New Pilot in India
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Invest-in-America Invest-in-America 1 month ago
RIME: Geeeeeez!! I hope there's a legitimate 'RIME-&-REASON' for all of this nice PRICE movement & volume today!! There NEWS sure sounded encouraging; & its Float is a very reasonable 4.08-million. (All puns intended.)
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Invest-in-America Invest-in-America 1 month ago
RIME: I gonna HOLD this one, Homeboy!! (Early on today, NO iHuber's seemed interested, but then Orion's 'GLENN' & others began posting about it.)
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tw0122 tw0122 1 month ago
You back out in .70s now or hold for a chance of .90 one more time..

Under the agreement, Algorhythm’s subsidiary, SemiCab Holdings, LLC (“SemiCab”), will provide enterprise-level shipping services through its AI-powered software platform, focusing on reducing empty truck miles. The contract, commencing mid-October 2024, will initially cover multiple large metropolitan markets, with the potential to rebid for additional lanes after six months.
“This is a major milestone for SemiCab,” commented Gary Atkinson, CEO of Algorhythm, the parent company of SemiCab. “This new award represents the first major new business won by SemiCab in the US since our acquisition of the company in July. It also represents the largest customer in the US that has awarded lanes to SemiCab, reinforcing our belief in our ability to disrupt the traditional shipper-carrier model within the transportation sector.”

Ajesh Kapoor, Founder and President of SemiCab added, “We’re thrilled at this new major opportunity. This contract provides us the ability to prove our model with a customer that spends over $1 billion annually on freight. Further, it provides us the leverage to bid on additional shipping opportunities in late Q1 2025 and immediately builds on our network, providing more density of shipping volume within key geographic markets. This new client should serve as a major catalyst to enable our team to pursue additional enterprise level-US clients in the coming months.”

Kapoor further emphasized the long-term potential of the collaboration: “If we successfully deliver on the projected cost savings and efficiency gains, this U.S. contract could expand significantly. Moreover, this global client is already part of the National Digital Freight Exchange in India, where we are actively involved. We also anticipate opportunities in other geographies as we expand in 2025 and beyond. This agreement could serve as a gateway to a broader, multi-faceted relationship with a world-class leader in the food and beverage industry.”

About Algorhythm Holdings

Algorhythm Holdings, Inc. is a holding company with two primary investments. First, the Company owns SemiCab Holdings, an emerging leader in the AI-enabled global logistics industry. Second, the Company owns The Singing Machine Company, the worldwide leader in the consumer karaoke industry.

SemiCab is a cloud-based Collaborative Transportation Platform built to achieve the scalability required to predict and optimize millions of loads and hundreds of thousands of trucks. To orchestrate collaboration across manufacturers, retailers, distributors, and their carriers, SemiCab uses real-time data from API-based load tendering and pre-built integrations with TMS and ELD partners. To build fully loaded round trips, SemiCab uses AI/ML predictions and advanced predictive optimization models. On the SemiCab platform, shippers pay less and carriers make more while not having to change a thing.

Since 2020, SemiCab has enabled major retailers, brands and transportation providers to address these common supply-chain problems globally. SemiCab's Orchestrated Collaboration™ AI model has proven to increase transportation capacity, improve asset utilization, reduce empty miles, lower logistics costs, and provide visibility into the entire transportation network. Models show the technology has the capability of saving shippers tens of billions of dollars annually through optimization. Further, SemiCab’s technology also has the potential to play a key role in the improved sustainability model globally. Based on its proven ability to improve truck utilization rates from 65% to over 90%, this results in a dramatic reduction in the carbon footprint of the industry. The optimization of existing truck utilization can add approximately 30% more trucking capacity without adding more trucks, drivers or driven miles which addresses common problems plaguing the industry like severe driver shortage and road congestion. Trucking optimization could also eliminate approximately 25% of CO2 emissions attributable to road freight.
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Invest-in-America Invest-in-America 1 month ago
RIME: I grabbed some in the Pre-M at $0.65, despite the very low volume at that time; but now the volume is soaring --- hope it takes the PRICE with it too!!!
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Surfacetite Surfacetite 1 month ago
Pretty good news this morning.
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glenn1919 glenn1919 1 month ago
https://stockcharts.com/h-sc/ui?s=RIME&p=W&b=5&g=0&id=p86431144783
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