Ryvyl (NASDAQ:RVYL) Posts Quarterly Earnings Results

Ryvyl (NASDAQ:RVYL) issued its earnings results on Thursday. The company reported ($2.67) EPS for the quarter, missing the consensus estimate of $2.10 by ($4.77), FiscalAI reports. The business had revenue of $2.54 million for the quarter, compared to the consensus estimate of $25.30 million.

Ryvyl Trading Up 3.7%

Shares of NASDAQ RVYL traded up $0.29 during midday trading on Thursday, reaching $8.10. 77,616 shares of the stock were exchanged, compared to its average volume of 37,921. The business has a 50-day simple moving average of $5.88 and a two-hundred day simple moving average of $7.34. The company has a market capitalization of $10.37 million, a price-to-earnings ratio of -0.22 and a beta of 2.72. Ryvyl has a 12 month low of $4.14 and a 12 month high of $81.55. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.11 and a quick ratio of 1.11.

Institutional Trading of Ryvyl

Hedge funds have recently added to or reduced their stakes in the business. HRT Financial LP bought a new position in Ryvyl during the fourth quarter worth about $25,000. Jane Street Group LLC bought a new stake in shares of Ryvyl in the fourth quarter worth about $28,000. Geode Capital Management LLC raised its position in shares of Ryvyl by 9.4% during the fourth quarter. Geode Capital Management LLC now owns 225,905 shares of the company’s stock worth $40,000 after purchasing an additional 19,439 shares during the period. Finally, NewEdge Advisors LLC lifted its holdings in shares of Ryvyl by 403,087.9% during the 4th quarter. NewEdge Advisors LLC now owns 701,547 shares of the company’s stock valued at $114,000 after purchasing an additional 701,373 shares in the last quarter. Institutional investors and hedge funds own 17.37% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Ryvyl in a research note on Tuesday, April 21st. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Reduce”.

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.