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

HC Wainwright reaffirmed their neutral rating on shares of Ryvyl (NASDAQ:RVYL) in a research note published on Friday morning,Benzinga reports.

Ryvyl Price Performance

Shares of Ryvyl stock traded down $0.46 during trading on Friday, hitting $1.24. 362,457 shares of the company’s stock traded hands, compared to its average volume of 68,134. 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’s fifty day moving average price is $1.53 and its 200 day moving average price is $1.51. Ryvyl has a twelve month low of $0.89 and a twelve month high of $5.48. The company has a market cap of $9.11 million, a PE ratio of -0.15 and a beta of 4.33.

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

Hedge Funds Weigh In On Ryvyl

A hedge fund recently bought a new stake in Ryvyl stock. Renaissance Technologies LLC bought a new position in Ryvyl Inc. (NASDAQ:RVYL) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 41,424 shares of the company’s stock, valued at approximately $60,000. Renaissance Technologies LLC owned about 0.64% of Ryvyl at the end of the most recent quarter. 17.37% of the stock is 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.