Equities Analysts Set Expectations for Ryvyl FY2024 Earnings

Ryvyl Inc. (NASDAQ:RVYL) – Equities research analysts at HC Wainwright upped their FY2024 EPS estimates for shares of Ryvyl in a note issued to investors on Wednesday, February 26th. HC Wainwright analyst K. Dede now forecasts that the company will earn ($2.81) per share for the year, up from their previous estimate of ($2.87). HC Wainwright has a “Neutral” rating on the stock. The consensus estimate for Ryvyl’s current full-year earnings is ($2.31) per share. HC Wainwright also issued estimates for Ryvyl’s Q4 2024 earnings at ($0.33) EPS.

Ryvyl Price Performance

Shares of RVYL stock opened at $0.90 on Friday. The business’s fifty day moving average is $1.27 and its 200 day moving average is $1.37. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 2.80. The stock has a market cap of $7.52 million, a price-to-earnings ratio of -0.11 and a beta of 4.30. Ryvyl has a twelve month low of $0.69 and a twelve month high of $4.65.

Institutional Trading of Ryvyl

A hedge fund recently bought a new stake in Ryvyl stock. Mariner LLC purchased a new stake in shares of Ryvyl Inc. (NASDAQ:RVYL) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 77,782 shares of the company’s stock, valued at approximately $101,000. Mariner LLC owned 1.05% of Ryvyl at the end of the most recent reporting period. 17.37% of the stock is currently owned by hedge funds and other institutional investors.

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.