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

Wall Street Zen upgraded shares of Ryvyl (NASDAQ:RVYL) to a sell rating in a research note issued to investors on Friday.

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Ryvyl in a report on Saturday, September 27th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Reduce”.

Ryvyl Price Performance

Shares of Ryvyl stock opened at $0.44 on Friday. Ryvyl has a one year low of $0.25 and a one year high of $2.35. The firm has a market capitalization of $14.07 million, a price-to-earnings ratio of -0.05 and a beta of 3.74. The business has a 50-day simple moving average of $0.31 and a 200 day simple moving average of $0.61.

Ryvyl (NASDAQ:RVYL) last issued its earnings results on Thursday, August 14th. The company reported ($0.68) EPS for the quarter, missing analysts’ consensus estimates of ($0.27) by ($0.41). The firm had revenue of $2.78 million during the quarter, compared to the consensus estimate of $17.10 million. Ryvyl had a negative net margin of 42.81% and a negative return on equity of 565.67%. On average, sell-side analysts expect that Ryvyl will post -2.31 EPS for the current year.

Insider Activity

In other Ryvyl news, major shareholder Global Fintech & Regtech Fu S8 bought 200,000 shares of Ryvyl stock in a transaction dated Wednesday, July 16th. The stock was bought at an average cost of $0.36 per share, with a total value of $72,000.00. Following the completion of the acquisition, the insider directly owned 3,604,845 shares in the company, valued at approximately $1,297,744.20. The trade was a 5.87% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 7.10% of the stock is currently owned by corporate insiders.

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.