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

Ryvyl Inc. (NASDAQ:RVYL) major shareholder Global Fintech & Regtech Fu S8 bought 100,000 shares of the company’s stock in a transaction that occurred on Thursday, June 26th. The stock was bought at an average price of $0.88 per share, with a total value of $88,000.00. Following the acquisition, the insider now directly owns 3,390,354 shares in the company, valued at $2,983,511.52. The trade was a 3.04% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Global Fintech & Regtech Fu S8 also recently made the following trade(s):

• On Wednesday, June 25th, Global Fintech & Regtech Fu S8 purchased 3,354 shares of Ryvyl stock. The stock was acquired at an average cost of $0.77 per share, with a total value of $2,582.58.
• On Monday, June 23rd, Global Fintech & Regtech Fu S8 purchased 100,000 shares of Ryvyl stock. The stock was acquired at an average cost of $0.75 per share, with a total value of $75,000.00.

Ryvyl Stock Performance

Shares of RVYL stock opened at $0.82 on Friday. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 2.80. Ryvyl Inc. has a 52 week low of $0.36 and a 52 week high of $2.40. The stock has a market capitalization of $6.85 million, a PE ratio of -0.10 and a beta of 4.01. The firm has a 50 day moving average of $0.78 and a two-hundred day moving average of $1.02.

Ryvyl (NASDAQ:RVYL) last issued its quarterly earnings results on Tuesday, May 20th. The company reported ($0.29) EPS for the quarter, missing the consensus estimate of ($0.27) by ($0.02). Ryvyl had a negative net margin of 49.47% and a negative return on equity of 655.77%. The business had revenue of $14.13 million during the quarter, compared to analysts’ expectations of $15.54 million. On average, research analysts predict that Ryvyl Inc. will post -2.31 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On Ryvyl

A hedge fund recently bought a new stake in Ryvyl stock. Mariner LLC acquired a new position in shares of Ryvyl Inc. (NASDAQ:RVYL) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 77,782 shares of the company’s stock, valued at approximately $101,000. Mariner LLC owned about 1.05% of Ryvyl at the end of the most recent quarter. Hedge funds and other institutional investors own 17.37% of the company’s stock.

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.