Ryvyl (NASDAQ:RVYL) Rating Increased to Sell at Wall Street Zen

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

RVYL has been the subject of a number of other reports. HC Wainwright reiterated a “neutral” rating on shares of Ryvyl in a research note on Monday, October 6th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Ryvyl in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Ryvyl has a consensus rating of “Reduce”.

Ryvyl Price Performance

NASDAQ:RVYL opened at $5.73 on Friday. The firm has a market capitalization of $206.80 million, a price-to-earnings ratio of -5.51 and a beta of 2.87. Ryvyl has a one year low of $4.97 and a one year high of $81.55. The business has a fifty day moving average price of $10.11 and a 200-day moving average price of $12.84.

Ryvyl (NASDAQ:RVYL) last released its earnings results on Friday, November 14th. The company reported ($2.45) earnings per share for the quarter, beating the consensus estimate of ($4.55) by $2.10. The company had revenue of $2.79 million for the quarter, compared to analysts’ expectations of $3.00 million. On average, equities research analysts expect that Ryvyl will post -2.31 earnings per share for the current fiscal year.

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. Its products include QuickCard Payment System, a physical and virtual payment card processing management system, including software that facilitates on and off ramp e-wallet management; Coyni, a digital token platform, which offers custodial assurance by utilizing its stable coin and blockchain technology in a closed-loop ecosystem; and ChargeSavvy, an end-to-end POS solution comprising software and hardware for the restaurant and hospitality industry.