Ryvyl (NASDAQ:RVYL) Trading Down 7.8%

Ryvyl Inc. (NASDAQ:RVYL)’s stock price was down 7.8% on Friday . The company traded as low as $1.05 and last traded at $1.06. Approximately 40,949 shares were traded during mid-day trading, a decline of 35% from the average daily volume of 62,854 shares. The stock had previously closed at $1.15.

Analyst Upgrades and Downgrades

Separately, HC Wainwright reiterated a “neutral” rating on shares of Ryvyl in a research note on Wednesday, May 15th.

Ryvyl Stock Down 7.8 %

The company has a debt-to-equity ratio of 2.02, a current ratio of 1.00 and a quick ratio of 1.00. The business has a 50 day moving average price of $1.55 and a 200 day moving average price of $2.05. The firm has a market capitalization of $6.86 million, a P/E ratio of -0.12 and a beta of 4.31.

Ryvyl (NASDAQ:RVYL) last posted its quarterly earnings data on Tuesday, August 13th. The company reported ($0.64) EPS for the quarter, topping analysts’ consensus estimates of ($0.96) by $0.32. The business had revenue of $11.90 million for the quarter, compared to analyst estimates of $12.80 million. Ryvyl had a negative return on equity of 235.63% and a negative net margin of 70.05%. On average, analysts predict that Ryvyl Inc. will post -1.53 earnings per share for the current year.

Hedge Funds Weigh In On Ryvyl

A number of institutional investors have recently made changes to their positions in RVYL. CVI Holdings LLC increased its stake in Ryvyl by 752.7% during the second quarter. CVI Holdings LLC now owns 106,379 shares of the company’s stock valued at $154,000 after acquiring an additional 93,904 shares during the period. Renaissance Technologies LLC bought a new position in Ryvyl during the second quarter valued at about $60,000. Finally, Cross Staff Investments Inc bought a new position in Ryvyl during the first quarter valued at about $100,000. 17.37% of the stock is currently owned by institutional investors.

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.