Ryvyl (RVYL) Projected to Post Quarterly Earnings on Friday

Ryvyl (NASDAQ:RVYL) is projected to announce 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 (EPS) for the quarter, topping the consensus estimate of ($4.55) by $2.10. The company had revenue of $2.79 million for the quarter, compared to the consensus estimate 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 5.8%

Shares of Ryvyl stock opened at $6.30 on Wednesday. The stock has a market cap of $6.49 million, a P/E ratio of -0.17 and a beta of 2.86. Ryvyl has a 12-month low of $4.50 and a 12-month high of $81.55. The business’s 50 day moving average is $7.07 and its 200-day moving average is $9.73.

Institutional Trading of Ryvyl

An institutional investor recently raised its position in Ryvyl stock. Geode Capital Management LLC lifted its stake in Ryvyl Inc. (NASDAQ:RVYL) by 9.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 225,905 shares of the company’s stock after buying an additional 19,439 shares during the period. Geode Capital Management LLC owned approximately 21.93% of Ryvyl worth $40,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 17.37% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Weiss Ratings reissued a “sell (e+)” rating on shares of Ryvyl in a research report on Thursday, January 22nd. Wall Street Zen upgraded Ryvyl to a “sell” rating in a report on Saturday, January 3rd. 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 data from MarketBeat.com, Ryvyl currently 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.