Ryvyl (NASDAQ:RVYL) Posts Earnings Results, Beats Expectations By $0.06 EPS

Ryvyl (NASDAQ:RVYL) issued its earnings results on Friday. The company reported ($0.07) earnings per share for the quarter, topping the consensus estimate of ($0.13) by $0.06, Zacks reports. Ryvyl had a negative return on equity of 565.67% and a negative net margin of 42.81%.The business had revenue of $2.79 million for the quarter, compared to analyst estimates of $3.00 million.

Ryvyl Stock Performance

NASDAQ:RVYL opened at $0.29 on Friday. The company has a market capitalization of $10.57 million, a price-to-earnings ratio of -0.20 and a beta of 4.14. Ryvyl has a one year low of $0.25 and a one year high of $2.33. The stock has a 50-day simple moving average of $0.33 and a 200 day simple moving average of $0.48.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on RVYL. HC Wainwright restated a “neutral” rating on shares of Ryvyl in a report on Monday, October 6th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Ryvyl in a research note on Wednesday, October 8th. Finally, Wall Street Zen raised shares of Ryvyl to a “sell” rating in a research report on Friday, October 3rd. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Ryvyl has an average rating of “Reduce”.

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.