HC Wainwright Has Bullish Outlook for Ryvyl FY2024 Earnings

Ryvyl Inc. (NASDAQ:RVYL) – Research analysts at HC Wainwright increased their FY2024 earnings per share estimates for shares of Ryvyl in a research report issued on Wednesday, February 26th. HC Wainwright analyst K. Dede now anticipates that the company will post earnings per share of ($2.81) for the year, up from their prior estimate of ($2.87). HC Wainwright has a “Neutral” rating on the stock. The consensus estimate for Ryvyl’s current full-year earnings is ($2.31) per share. HC Wainwright also issued estimates for Ryvyl’s Q4 2024 earnings at ($0.33) EPS.

Ryvyl Stock Up 1.8 %

NASDAQ RVYL opened at $0.92 on Friday. Ryvyl has a 52 week low of $0.69 and a 52 week high of $4.65. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 2.80. The business’s fifty day simple moving average is $1.27 and its 200-day simple moving average is $1.37. The firm has a market cap of $7.65 million, a PE ratio of -0.11 and a beta of 4.30.

Institutional Trading of Ryvyl

An institutional investor recently bought a new position in Ryvyl stock. Mariner LLC acquired a new position in shares of Ryvyl Inc. (NASDAQ:RVYL) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 77,782 shares of the company’s stock, valued at approximately $101,000. Mariner LLC owned about 1.05% of Ryvyl at the end of the most recent quarter. 17.37% of the stock is currently owned by hedge funds and other institutional investors.

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.