Ryvyl (NASDAQ:RVYL) Earns “Neutral” Rating from HC Wainwright

HC Wainwright reaffirmed their neutral rating on shares of Ryvyl (NASDAQ:RVYL) in a research report report published on Wednesday morning,Benzinga reports. HC Wainwright also issued estimates for Ryvyl’s Q4 2024 earnings at ($0.33) EPS and FY2024 earnings at ($2.81) EPS.

Ryvyl Trading Up 1.8 %

Shares of RVYL opened at $0.92 on Wednesday. The company has a market capitalization of $7.65 million, a P/E ratio of -0.11 and a beta of 4.30. Ryvyl has a one year low of $0.69 and a one year high of $4.65. 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 stock has a 50-day moving average price of $1.27 and a 200 day moving average price of $1.37.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Ryvyl stock. Mariner LLC purchased a new stake in Ryvyl Inc. (NASDAQ:RVYL) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 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 filing with the Securities and Exchange Commission (SEC). 17.37% of the stock is owned by institutional investors and hedge funds.

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.