Ryvyl (NASDAQ:RVYL) Announces Earnings Results

Ryvyl (NASDAQ:RVYL) issued its earnings results on Thursday. The company reported ($2.67) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.10 by ($4.77), FiscalAI reports. The business had revenue of $2.54 million during the quarter, compared to analyst estimates of $25.30 million.

Ryvyl Trading Up 3.7%

Shares of Ryvyl stock traded up $0.29 during trading on Thursday, hitting $8.10. The company’s stock had a trading volume of 77,616 shares, compared to its average volume of 37,921. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.11 and a quick ratio of 1.11. Ryvyl has a 52 week low of $4.14 and a 52 week high of $81.55. The stock has a market cap of $10.37 million, a price-to-earnings ratio of -0.22 and a beta of 2.72. The stock has a 50-day moving average price of $5.88 and a two-hundred day moving average price of $7.34.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Ryvyl in a research report on Tuesday, April 21st. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Ryvyl has a consensus rating of “Reduce”.

Institutional Trading of Ryvyl

Several institutional investors have recently modified their holdings of RVYL. Geode Capital Management LLC grew its stake in shares of Ryvyl by 9.4% in the fourth quarter. Geode Capital Management LLC now owns 225,905 shares of the company’s stock worth $40,000 after purchasing an additional 19,439 shares during the last quarter. HRT Financial LP bought a new stake in shares of Ryvyl in the fourth quarter worth $25,000. Jane Street Group LLC bought a new stake in shares of Ryvyl in the fourth quarter worth $28,000. Finally, NewEdge Advisors LLC lifted its holdings in Ryvyl by 403,087.9% in the fourth quarter. NewEdge Advisors LLC now owns 701,547 shares of the company’s stock valued at $114,000 after buying an additional 701,373 shares during the period. 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. Its products include QuickCard Payment System, a physical and virtual payment card processing management system, including software that facilitates on and off ramp e-wallet management; Coyni, a digital token platform, which offers custodial assurance by utilizing its stable coin and blockchain technology in a closed-loop ecosystem; and ChargeSavvy, an end-to-end POS solution comprising software and hardware for the restaurant and hospitality industry.