Ryvyl’s (RVYL) “Neutral” Rating Reaffirmed at HC Wainwright

HC Wainwright reiterated their neutral rating on shares of Ryvyl (NASDAQ:RVYL) in a report published on Friday,Benzinga reports.

Ryvyl Price Performance

Shares of NASDAQ RVYL traded down $0.46 during mid-day trading on Friday, reaching $1.24. 362,457 shares of the company traded hands, compared to its average volume of 68,134. Ryvyl has a fifty-two week low of $0.89 and a fifty-two week high of $5.48. The company has a debt-to-equity ratio of 2.02, a current ratio of 1.00 and a quick ratio of 1.00. The firm has a market cap of $9.11 million, a PE ratio of -0.15 and a beta of 4.33. The stock has a fifty day simple moving average of $1.53 and a 200-day simple moving average of $1.51.

Ryvyl (NASDAQ:RVYL) last issued its earnings results on Tuesday, August 13th. The company reported ($0.64) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.96) by $0.32. The firm had revenue of $11.90 million during the quarter, compared to analysts’ expectations of $12.80 million. Ryvyl had a negative net margin of 70.05% and a negative return on equity of 235.63%. Equities research analysts anticipate that Ryvyl will post -1.5 EPS for the current fiscal year.

Hedge Funds Weigh In On Ryvyl

An institutional investor recently bought a new position in Ryvyl stock. Renaissance Technologies LLC purchased a new stake in shares of Ryvyl Inc. (NASDAQ:RVYL) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 41,424 shares of the company’s stock, valued at approximately $60,000. Renaissance Technologies LLC owned approximately 0.64% of Ryvyl at the end of the most recent quarter. 17.37% of the stock is owned by institutional investors.

Ryvyl Company Profile

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.