HC Wainwright Has Positive Outlook of Ryvyl FY2024 Earnings

Ryvyl Inc. (NASDAQ:RVYL) – Analysts at HC Wainwright lifted their FY2024 earnings per share estimates for Ryvyl in a research report issued to clients and investors on Wednesday, February 26th. HC Wainwright analyst K. Dede now expects that the company will earn ($2.81) per share for the year, up from their prior estimate of ($2.87). HC Wainwright currently 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 Stock Up 1.8 %

Shares of NASDAQ:RVYL opened at $0.92 on Friday. The stock has a market cap of $7.65 million, a P/E ratio of -0.11 and a beta of 4.30. The business’s 50 day moving average is $1.26 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. Ryvyl has a 52-week low of $0.69 and a 52-week high of $4.65.

Hedge Funds Weigh In On Ryvyl

An institutional investor recently bought a new position in Ryvyl stock. Mariner LLC purchased a new position in shares of Ryvyl Inc. (NASDAQ:RVYL) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 77,782 shares of the company’s stock, valued at approximately $101,000. Mariner LLC owned approximately 1.05% of Ryvyl as of its most recent SEC filing. 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.