Ryvyl (NASDAQ:RVYL) Receives “Neutral” Rating from HC Wainwright

Ryvyl (NASDAQ:RVYL)‘s stock had its “neutral” rating reiterated by investment analysts at HC Wainwright in a report issued on Friday,Benzinga reports.

Ryvyl Stock Down 3.1 %

Shares of RVYL opened at $1.70 on Friday. The firm has a market cap of $12.50 million, a P/E ratio of -0.20 and a beta of 4.33. Ryvyl has a 1 year low of $0.89 and a 1 year high of $5.48. The stock has a 50 day simple moving average of $1.52 and a two-hundred day simple moving average of $1.51. The company has a debt-to-equity ratio of 2.02, a current ratio of 1.00 and a quick ratio of 1.00.

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

Institutional Investors Weigh In On Ryvyl

An institutional investor recently bought a new position in Ryvyl stock. Renaissance Technologies LLC bought a new position in Ryvyl Inc. (NASDAQ:RVYL) during the second quarter, according to its most recent disclosure with the SEC. The firm bought 41,424 shares of the company’s stock, valued at approximately $60,000. Renaissance Technologies LLC owned 0.64% of Ryvyl as of its most recent filing with the SEC. Hedge funds and other institutional investors own 17.37% of the company’s stock.

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.