Q3 2024 EPS Estimates for Ryvyl Inc. Decreased by Analyst (NASDAQ:RVYL)

Ryvyl Inc. (NASDAQ:RVYL) – Analysts at HC Wainwright decreased their Q3 2024 earnings estimates for shares of Ryvyl in a research note issued on Wednesday, August 14th. HC Wainwright analyst K. Dede now forecasts that the company will post earnings of ($0.20) per share for the quarter, down from their previous forecast of ($0.16). HC Wainwright currently has a “Neutral” rating on the stock. The consensus estimate for Ryvyl’s current full-year earnings is ($1.61) per share. HC Wainwright also issued estimates for Ryvyl’s FY2024 earnings at ($1.53) EPS.

Ryvyl Stock Performance

Shares of RVYL opened at $1.00 on Friday. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.82. The firm has a market cap of $6.47 million, a PE ratio of -0.11 and a beta of 4.31. Ryvyl has a 12 month low of $0.90 and a 12 month high of $12.40. The stock has a fifty day moving average price of $1.71 and a 200-day moving average price of $2.38.

Institutional Investors Weigh In On Ryvyl

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Renaissance Technologies LLC acquired a new stake in shares of Ryvyl during the second quarter worth $60,000. CVI Holdings LLC raised its stake in Ryvyl by 752.7% in the 2nd quarter. CVI Holdings LLC now owns 106,379 shares of the company’s stock worth $154,000 after acquiring an additional 93,904 shares during the last quarter. Finally, Cross Staff Investments Inc purchased a new position in Ryvyl in the 1st quarter worth $100,000. 17.37% of the stock is currently owned by hedge funds and other institutional investors.

About Ryvyl

Ryvyl Inc, a technology company, engages in the development, marketing, and sale of blockchain-based payment solutions in North America, Europe, and Asia. The company's blockchain-based systems facilitate, record, and store a volume of tokenized assets representing cash or data on a blockchain-based ledger.