Ryvyl (RVYL) Projected to Post Quarterly Earnings on Friday

Ryvyl (NASDAQ:RVYL) will likely be announcing its results before the market opens on Friday, February 13th. Analysts expect the company to announce earnings of ($0.08) per share for the quarter.

Ryvyl (NASDAQ:RVYL) last released its earnings results on Friday, November 14th. The company reported ($2.45) earnings per share for the quarter, topping analysts’ consensus estimates of ($4.55) by $2.10. The firm had revenue of $2.79 million for the quarter, compared to analysts’ expectations of $3.00 million. On average, analysts expect Ryvyl to post $-2 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Ryvyl Stock Down 9.7%

Shares of NASDAQ:RVYL opened at $5.31 on Friday. Ryvyl has a fifty-two week low of $4.50 and a fifty-two week high of $81.55. The firm’s 50 day moving average price is $7.41 and its 200 day moving average price is $9.84. The stock has a market cap of $5.47 million, a price-to-earnings ratio of -0.15 and a beta of 2.86.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on RVYL. Weiss Ratings restated a “sell (e+)” rating on shares of Ryvyl in a report on Thursday, January 22nd. Wall Street Zen raised Ryvyl to a “sell” rating in a report on Saturday, January 3rd. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Reduce”.

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. 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.