HC Wainwright Reiterates Neutral Rating for Ryvyl (NASDAQ:RVYL)

HC Wainwright restated their neutral rating on shares of Ryvyl (NASDAQ:RVYL) in a research note released on Friday morning,Benzinga reports.

Ryvyl Trading Down 27.1 %

NASDAQ RVYL opened at $1.24 on Friday. The company has a fifty day simple moving average of $1.53 and a two-hundred day simple moving average of $1.51. The stock has a market cap of $9.11 million, a P/E ratio of -0.15 and a beta of 4.33. Ryvyl has a 12-month low of $0.89 and a 12-month high of $5.48. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 2.02.

Institutional Trading of Ryvyl

A hedge fund recently raised its stake in Ryvyl stock. CVI Holdings LLC lifted its holdings in Ryvyl Inc. (NASDAQ:RVYL) by 752.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 106,379 shares of the company’s stock after acquiring an additional 93,904 shares during the quarter. CVI Holdings LLC owned 1.64% of Ryvyl worth $154,000 as of its most recent SEC filing. 17.37% of the stock is currently owned by institutional investors.

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.