Algorhythm (RIME, Financial) has disclosed its financial results for the first quarter, reporting a revenue of $2 million, a drop from $2.4 million in the same period last year. However, the company sees 2025 as a promising year, largely due to its recent acquisition of SMCB Solutions Private. This acquisition enables Algorhythm to leverage SemiCab's AI-driven, cloud-based Collaborative Transportation Platform in India.
Currently, SemiCab India is achieving an annualized revenue run rate of $4.6 million. The company anticipates this figure will double by the year's end due to increased demand from national and multinational clients. Additionally, SemiCab India has broadened its active fleet to 140 trucks and has access to an additional 450 trucks. This fleet expansion could potentially boost its annualized revenue run rate to over $23 million in the latter half of 2025 if growth exceeds expectations.
To meet rising demand, Algorhythm is also aiming to finalize new contracts with Full Truckload (FTL) carriers, intending to expand its fleet to over 1,000 vehicles by the end of 2025.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 1 analysts, the average target price for Algorhythm Holdings Inc (RIME, Financial) is $4.00 with a high estimate of $4.00 and a low estimate of $4.00. The average target implies an upside of 53.85% from the current price of $2.60. More detailed estimate data can be found on the Algorhythm Holdings Inc (RIME) Forecast page.
Based on the consensus recommendation from 1 brokerage firms, Algorhythm Holdings Inc's (RIME, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Algorhythm Holdings Inc (RIME, Financial) in one year is $38.82, suggesting a upside of 1393.08% from the current price of $2.6. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Algorhythm Holdings Inc (RIME) Summary page.
