Ryvyl (NASDAQ:RVYL) Upgraded by Wall Street Zen to Sell Rating

Ryvyl (NASDAQ:RVYL) was upgraded by equities researchers at Wall Street Zen to a “sell” rating in a research report issued on Saturday.

Separately, HC Wainwright reiterated a “neutral” rating on shares of Ryvyl in a research report on Thursday, April 3rd.

Ryvyl Stock Performance

Shares of RVYL stock opened at $0.66 on Friday. Ryvyl has a fifty-two week low of $0.36 and a fifty-two week high of $2.40. The firm has a market capitalization of $5.54 million, a price-to-earnings ratio of -0.08 and a beta of 4.10. The stock’s 50-day simple moving average is $0.72 and its 200-day simple moving average is $0.97.

Ryvyl (NASDAQ:RVYL) last issued its earnings results on Tuesday, May 20th. The company reported ($0.29) EPS for the quarter, missing analysts’ consensus estimates of ($0.27) by ($0.02). The firm had revenue of $14.13 million during the quarter, compared to analysts’ expectations of $15.54 million. Ryvyl had a negative net margin of 49.47% and a negative return on equity of 655.77%. As a group, equities analysts forecast that Ryvyl will post -2.31 earnings per share for the current year.

Insider Transactions at Ryvyl

In other Ryvyl news, major shareholder Global Fintech & Regtech Fu S8 sold 100,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $0.83, for a total value of $83,000.00. Following the completion of the transaction, the insider directly owned 3,404,845 shares of the company’s stock, valued at approximately $2,826,021.35. The trade was a 2.85% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last three months, insiders purchased 217,845 shares of company stock valued at $177,175 and sold 115,621 shares valued at $89,440. Insiders own 30.76% of the company’s stock.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Ryvyl stock. Heights Capital Management Inc. lifted its holdings in shares of Ryvyl Inc. (NASDAQ:RVYL) by 341.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 120,026 shares of the company’s stock after buying an additional 92,841 shares during the quarter. Heights Capital Management Inc. owned approximately 1.62% of Ryvyl worth $156,000 as of its most recent SEC filing. Institutional investors own 17.37% of the company’s stock.

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.