HC Wainwright Reaffirms “Neutral” Rating for Ryvyl (NASDAQ:RVYL)

HC Wainwright restated their neutral rating on shares of Ryvyl (NASDAQ:RVYLFree Report) in a research report sent to investors on Wednesday morning, Benzinga reports. HC Wainwright also issued estimates for Ryvyl’s Q2 2024 earnings at ($0.96) EPS, Q3 2024 earnings at ($0.16) EPS, Q4 2024 earnings at $0.09 EPS and FY2024 earnings at ($1.61) EPS.

Ryvyl Stock Performance

Ryvyl stock opened at $1.56 on Wednesday. The firm has a fifty day moving average of $2.33 and a 200-day moving average of $3.21. Ryvyl has a 52-week low of $1.12 and a 52-week high of $17.50. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.04 and a quick ratio of 1.05.

Ryvyl (NASDAQ:RVYLGet Free Report) last announced its quarterly earnings results on Tuesday, May 14th. The company reported ($0.45) earnings per share (EPS) for the quarter. The company had revenue of $16.77 million during the quarter. During the same period in the prior year, the company posted ($1.50) earnings per share. As a group, analysts predict that Ryvyl will post -1.61 EPS for the current year.

Institutional Trading of Ryvyl

An institutional investor recently bought a new position in Ryvyl stock. Cross Staff Investments Inc bought a new stake in shares of Ryvyl Inc. (NASDAQ:RVYLFree Report) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 34,371 shares of the company’s stock, valued at approximately $100,000. Cross Staff Investments Inc owned about 0.57% of Ryvyl at the end of the most recent quarter. 17.37% of the stock is currently owned by institutional investors.

Ryvyl Company Profile

(Get Free Report)

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.

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