Ryvyl (NASDAQ:RVYL) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Ryvyl (NASDAQ:RVYL) to a sell rating in a research note released on Friday morning.

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Ryvyl in a report on Saturday, September 27th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce”.

Ryvyl Stock Performance

Ryvyl stock opened at $0.44 on Friday. The stock has a market capitalization of $14.07 million, a price-to-earnings ratio of -0.05 and a beta of 3.74. Ryvyl has a 52-week low of $0.25 and a 52-week high of $2.35. The stock’s 50 day moving average price is $0.31 and its two-hundred day moving average price is $0.61.

Ryvyl (NASDAQ:RVYL) last issued its earnings results on Thursday, August 14th. The company reported ($0.68) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.27) by ($0.41). Ryvyl had a negative return on equity of 565.67% and a negative net margin of 42.81%.The firm had revenue of $2.78 million during the quarter, compared to the consensus estimate of $17.10 million. On average, equities research analysts forecast that Ryvyl will post -2.31 EPS for the current year.

Insider Buying and Selling

In related news, major shareholder Global Fintech & Regtech Fu S8 purchased 200,000 shares of the stock in a transaction that occurred on Wednesday, July 16th. The stock was acquired at an average cost of $0.36 per share, with a total value of $72,000.00. Following the transaction, the insider owned 3,604,845 shares of the company’s stock, valued at $1,297,744.20. This represents a 5.87% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 7.10% 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.