Global Fintech & Regtech Fu S8 Purchases 100,000 Shares of Ryvyl Inc. (NASDAQ:RVYL) Stock

Ryvyl Inc. (NASDAQ:RVYL) major shareholder Global Fintech & Regtech Fu S8 acquired 100,000 shares of the company’s stock in a transaction dated Monday, June 23rd. The shares were acquired at an average cost of $0.75 per share, with a total value of $75,000.00. Following the completion of the purchase, the insider now owns 3,187,000 shares in the company, valued at approximately $2,390,250. This represents a 3.24% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Ryvyl Trading Down 2.9%

Shares of RVYL opened at $0.83 on Thursday. Ryvyl Inc. has a 1-year low of $0.36 and a 1-year high of $2.40. The firm has a 50 day simple moving average of $0.78 and a 200-day simple moving average of $1.03. The stock has a market cap of $6.96 million, a price-to-earnings ratio of -0.10 and a beta of 4.01. The company has a debt-to-equity ratio of 2.80, a current ratio of 0.77 and a quick ratio of 0.77.

Ryvyl (NASDAQ:RVYL) last announced its earnings results on Tuesday, May 20th. The company reported ($0.29) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.27) by ($0.02). Ryvyl had a negative return on equity of 655.77% and a negative net margin of 49.47%. The firm had revenue of $14.13 million for the quarter, compared to analyst estimates of $15.54 million. Equities analysts forecast that Ryvyl Inc. will post -2.31 EPS for the current fiscal year.

Institutional Trading of Ryvyl

An institutional investor recently bought a new position in Ryvyl stock. Mariner LLC bought a new position in shares of Ryvyl Inc. (NASDAQ:RVYL) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 77,782 shares of the company’s stock, valued at approximately $101,000. Mariner LLC owned about 1.05% of Ryvyl as of its most recent filing with the Securities and Exchange Commission (SEC). 17.37% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, HC Wainwright reissued a “neutral” rating on shares of Ryvyl in a research note on Thursday, April 3rd.

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.