Jay B. Foreman Resigns from Algorhythm Holdings Board

An announcement from Algorhythm Holdings ( (RIME) ) is now available.

On November 14, 2025, Jay B. Foreman resigned from Algorhythm Holdings‘ Board of Directors, with no disagreements cited. Algorhythm reported a 1,273% year-over-year revenue growth for Q3 2025, driven by its SemiCab subsidiary. The company sold its karaoke business, focusing on AI technology and logistics, and launched a new SaaS platform, Apex. SemiCab expanded its operations in India and the U.S., securing new contracts and appointing new leadership to drive growth. Financially, Algorhythm reduced operating expenses and net losses, while increasing cash reserves, positioning itself for future growth in the AI logistics sector.

The most recent analyst rating on (RIME) stock is a Hold with a $2.00 price target. To see the full list of analyst forecasts on Algorhythm Holdings stock, see the RIME Stock Forecast page.

Spark’s Take on RIME Stock

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

Algorhythm Holdings’ overall stock score is primarily impacted by its poor financial performance and valuation metrics, which are significant concerns. The technical analysis also indicates a bearish trend. However, the strategic shift to the SemiCab business and operational improvements provide some optimism for future growth, as highlighted in the earnings call.

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

More about Algorhythm Holdings

Algorhythm Holdings, Inc. is a prominent AI technology company, primarily focusing on the growth and development of SemiCab, a leader in global logistics and distribution. SemiCab’s AI-enabled platform addresses supply-chain challenges by optimizing transportation processes for retailers, brands, and transportation providers.

Average Trading Volume: 250,998

Technical Sentiment Signal: Strong Sell

Current Market Cap: $5.07M

For detailed information about RIME stock, go to TipRanks’ Stock Analysis page.