Algorhythm Holdings Completes Acquisition of SMCB Solutions

The latest update is out from Algorhythm Holdings ( (RIME) ).

On May 2, 2025, Algorhythm Holdings, through its subsidiary SemiCab Holdings, acquired SMCB Solutions Private Ltd., an Indian company, marking its second transaction with SemiCab, Inc. This acquisition, valued at $1.75 million and 119,742 shares of Algorhythm’s common stock, expands Algorhythm’s global AI transportation footprint and provides access to a rapidly growing Indian market. The acquisition is expected to accelerate revenue growth, expand the multinational client base, and serve as a blueprint for international expansion. The AI platform offered by SemiCab improves freight utilization, reduces costs, and enhances sustainability, aligning with India’s modernization efforts in the logistics sector.

Spark’s Take on RIME Stock

According to Spark, TipRanks’ AI Analyst, RIME is a Underperform.

Algorhythm Holdings struggles with severe financial distress, characterized by declining revenues, negative equity, and poor cash flow management, which significantly lowers the stock score. The technical analysis indicates a bearish trend, further impacting the score. Valuation metrics also reflect financial instability, with a negative P/E ratio and no dividend yield, limiting attractiveness to investors. While the new CFO appointment is a positive development, it does not offset the considerable financial challenges currently faced by the company.

To see Spark’s full report on RIME stock, click here.

More about Algorhythm Holdings

Algorhythm Holdings, Inc. is an AI technology and consumer electronics holding company with two primary business units – SemiCab and Singing Machine. SemiCab is a leader in the global logistics and distribution industry, offering an AI-enabled, cloud-based Collaborative Transportation Platform. Singing Machine is a leader in consumer karaoke products, providing a wide range of at-home and in-car karaoke entertainment products.

Average Trading Volume: 241,795

Technical Sentiment Signal: Sell

Current Market Cap: $5.89M

See more data about RIME stock on TipRanks’ Stock Analysis page.