Ryvyl (NASDAQ:RVYL) Posts Quarterly Earnings Results, Misses Estimates By $4.77 EPS

Ryvyl (NASDAQ:RVYL) announced its quarterly earnings data on Thursday. The company reported ($2.67) earnings per share for the quarter, missing the consensus estimate of $2.10 by ($4.77), FiscalAI reports. The firm had revenue of $2.54 million for the quarter, compared to analysts’ expectations of $25.30 million.

Ryvyl Stock Up 3.7%

Shares of RVYL traded up $0.29 on Thursday, reaching $8.10. The company’s stock had a trading volume of 77,616 shares, compared to its average volume of 37,921. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.92. The stock has a market capitalization of $10.37 million, a PE ratio of -0.22 and a beta of 2.72. Ryvyl has a twelve month low of $4.14 and a twelve month high of $81.55. The firm has a fifty day moving average of $5.88 and a 200-day moving average of $7.34.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Ryvyl in a report on Tuesday, April 21st. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Reduce”.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Geode Capital Management LLC grew its position in shares of Ryvyl by 9.4% during the 4th quarter. Geode Capital Management LLC now owns 225,905 shares of the company’s stock valued at $40,000 after acquiring an additional 19,439 shares during the period. HRT Financial LP bought a new position in Ryvyl in the 4th quarter worth approximately $25,000. Jane Street Group LLC bought a new position in Ryvyl in the 4th quarter worth approximately $28,000. Finally, NewEdge Advisors LLC boosted its holdings in Ryvyl by 403,087.9% in the 4th quarter. NewEdge Advisors LLC now owns 701,547 shares of the company’s stock worth $114,000 after buying an additional 701,373 shares during the period. 17.37% of the stock is owned by institutional investors.

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. 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.