RIME Is Acting Like A Story That Just Entered Price Discovery Mode

Watching RIME today, it feels less like a one-off spike and more like the early phase of price discovery. The stock is up over 20% around $1.23, volume is above 1.2M shares, turnover is near 46%, and the day range has expanded beyond 30% (source type: live market data). Those are not normal conditions for a quiet penny stock.

Price discovery phases usually come when new information forces participants to reassess assumptions. Over the past two weeks, RIME has delivered a steady flow of concrete updates: SemiCab ARR up 220% from $2.5M to over $8M, $15M forward ARR tied to signed contracts, and multiple major contract expansions including the Apollo Tyres announcement on Jan 6, 2026 (source type: company press releases).

I am not trying to predict where this settles. I am watching how the market digests information now that liquidity and attention are both elevated.

When you think a stock has entered price discovery mode, do you focus more on intraday structure or on how it behaves over the next few sessions?

Do your own digging.