Ryvyl (NASDAQ:RVYL) Announces Earnings Results

Ryvyl (NASDAQ:RVYL) posted its earnings results on Friday. The company reported ($0.07) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.13) by $0.06, Zacks reports. Ryvyl had a negative net margin of 42.81% and a negative return on equity of 565.67%. The business had revenue of $2.79 million for the quarter, compared to analysts’ expectations of $3.00 million.

Ryvyl Price Performance

Shares of NASDAQ:RVYL traded down $0.03 during midday trading on Friday, hitting $0.29. The company had a trading volume of 5,776,838 shares, compared to its average volume of 10,366,837. Ryvyl has a 12-month low of $0.25 and a 12-month high of $2.33. The company has a fifty day moving average of $0.33 and a two-hundred day moving average of $0.48. The company has a market cap of $10.57 million, a price-to-earnings ratio of -0.20 and a beta of 4.14.

Wall Street Analysts Forecast Growth

RVYL has been the topic of a number of research analyst reports. Wall Street Zen upgraded shares of Ryvyl to a “sell” rating in a research report on Friday, October 3rd. Weiss Ratings reissued a “sell (e+)” rating on shares of Ryvyl in a report on Wednesday, October 8th. Finally, HC Wainwright restated a “neutral” rating on shares of Ryvyl in a research note on Monday, October 6th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Ryvyl currently has an average 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.