Ryvyl (NASDAQ:RVYL) Shares Up 6.8%

Ryvyl Inc. (NASDAQ:RVYL)’s share price rose 6.8% during trading on Monday . The company traded as high as $1.56 and last traded at $1.56. Approximately 22,389 shares traded hands during mid-day trading, a decline of 66% from the average daily volume of 66,097 shares. The stock had previously closed at $1.46.

Wall Street Analyst Weigh In

Separately, HC Wainwright reiterated a “neutral” rating on shares of Ryvyl in a report on Wednesday, May 15th.

Ryvyl Trading Up 6.8 %

The business’s 50-day simple moving average is $1.43 and its 200-day simple moving average is $3.00. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.82. The company has a market cap of $10.09 million, a PE ratio of -0.18 and a beta of 4.26.

Ryvyl (NASDAQ:RVYL) last announced its quarterly earnings results on Tuesday, May 14th. The company reported ($0.45) earnings per share (EPS) for the quarter. The firm had revenue of $16.77 million during the quarter. During the same quarter last year, the business posted ($1.50) earnings per share. As a group, analysts expect that Ryvyl Inc. will post -1.61 EPS for the current fiscal year.

Hedge Funds Weigh In On Ryvyl

A hedge fund recently bought a new stake in Ryvyl stock. Cross Staff Investments Inc bought a new stake in shares of Ryvyl Inc. (NASDAQ:RVYL) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 34,371 shares of the company’s stock, valued at approximately $100,000. Cross Staff Investments Inc owned 0.57% of Ryvyl as of its most recent SEC filing. Hedge funds and other institutional investors own 17.37% of the company’s stock.

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.