HC Wainwright Has Bullish Outlook for Ryvyl FY2024 Earnings

Ryvyl Inc. (NASDAQ:RVYL) – HC Wainwright boosted their FY2024 earnings per share (EPS) estimates for Ryvyl in a research note issued on Wednesday, February 26th. HC Wainwright analyst K. Dede now forecasts that the company will post earnings of ($2.81) per share for the year, up from their prior estimate of ($2.87). HC Wainwright currently 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 Performance

Shares of Ryvyl stock opened at $0.92 on Friday. Ryvyl has a one year low of $0.69 and a one year high of $4.65. The company has a market cap of $7.65 million, a PE ratio of -0.11 and a beta of 4.30. The company has a debt-to-equity ratio of 2.80, a quick ratio of 0.96 and a current ratio of 0.96. The business has a 50-day simple moving average of $1.27 and a 200-day simple moving average of $1.37.

Hedge Funds Weigh In On Ryvyl

A hedge fund recently bought a new stake in Ryvyl stock. Mariner LLC bought a new position in shares of Ryvyl Inc. (NASDAQ:RVYL) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 77,782 shares of the company’s stock, valued at approximately $101,000. Mariner LLC owned about 1.05% of Ryvyl as of its most recent SEC filing. 17.37% of the stock is currently owned by hedge funds and other 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.