Ryvyl’s (RVYL) “Sell (E+)” Rating Reiterated at Weiss Ratings

Ryvyl (NASDAQ:RVYL)‘s stock had its “sell (e+)” rating reaffirmed by equities research analysts at Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

Other analysts also recently issued research reports about the stock. HC Wainwright reissued a “neutral” rating on shares of Ryvyl in a report on Monday. Wall Street Zen raised shares of Ryvyl to a “sell” rating in a report on Friday, October 3rd. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Reduce”.

Ryvyl Trading Up 0.5%

RVYL stock opened at $0.38 on Wednesday. The company has a market cap of $12.18 million, a P/E 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 company’s 50-day moving average price is $0.31 and its 200 day moving average price is $0.60.

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

Insider Activity

In other Ryvyl news, major shareholder Global Fintech & Regtech Fu S8 purchased 200,000 shares of Ryvyl stock in a transaction on Wednesday, July 16th. The shares were bought at an average price of $0.36 per share, with a total value of $72,000.00. Following the completion of the acquisition, the insider directly owned 3,604,845 shares of the company’s stock, valued at approximately $1,297,744.20. This trade represents a 5.87% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 7.10% of the stock is owned by company insiders.

Ryvyl Company Profile

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.