Ryvyl (NASDAQ:RVYL) Stock Rating Upgraded by Wall Street Zen

Ryvyl (NASDAQ:RVYL) was upgraded by Wall Street Zen to a “sell” rating in a research note issued to investors on Saturday.

Other equities analysts have also recently issued research reports about the company. Weiss Ratings restated a “sell (e+)” rating on shares of Ryvyl in a report on Wednesday, October 8th. HC Wainwright reaffirmed a “neutral” rating on shares of Ryvyl in a research note on Monday, October 6th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Ryvyl presently has a consensus rating of “Reduce”.

Ryvyl Stock Performance

Shares of RVYL stock opened at $5.73 on Friday. The firm’s 50 day moving average price is $10.11 and its two-hundred day moving average price is $12.67. Ryvyl has a 52-week low of $4.97 and a 52-week high of $81.55. The stock has a market cap of $5.90 million, a PE ratio of -5.51 and a beta of 2.87.

Ryvyl (NASDAQ:RVYL) last posted its quarterly earnings results on Friday, November 14th. The company reported ($2.45) earnings per share for the quarter, beating analysts’ consensus estimates of ($4.55) by $2.10. The company had revenue of $2.79 million during the quarter, compared to analyst estimates of $3.00 million. As a group, sell-side analysts predict that Ryvyl will post -2.31 earnings per share for the current fiscal year.

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.