Insider Buying: Ryvyl Inc. (NASDAQ:RVYL) Major Shareholder Purchases 100,000 Shares of Stock

Ryvyl Inc. (NASDAQ:RVYL) major shareholder Global Fintech & Regtech Fu S8 acquired 100,000 shares of the firm’s stock in a transaction dated Thursday, June 26th. The shares were purchased at an average cost of $0.88 per share, with a total value of $88,000.00. Following the completion of the transaction, the insider now owns 3,390,354 shares in the company, valued at approximately $2,983,511.52. The trade was a 3.04% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

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

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

Ryvyl Price Performance

Shares of RVYL opened at $0.82 on Friday. Ryvyl Inc. has a 1-year low of $0.36 and a 1-year high of $2.40. The stock has a market cap of $6.85 million, a PE 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. The firm has a fifty day moving average price of $0.78 and a 200 day moving average price of $1.02.

Ryvyl (NASDAQ:RVYL) last announced its quarterly earnings results on Tuesday, May 20th. The company reported ($0.29) earnings per share for the quarter, missing analysts’ consensus estimates 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 company had revenue of $14.13 million during the quarter, compared to analysts’ expectations of $15.54 million. As a group, sell-side analysts anticipate that Ryvyl Inc. will post -2.31 EPS for the current year.

Institutional Investors Weigh In On Ryvyl

An institutional investor recently bought a new position in Ryvyl stock. Mariner LLC purchased a new stake in Ryvyl Inc. (NASDAQ:RVYL) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 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 reporting period. 17.37% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright reaffirmed a “neutral” rating on shares of Ryvyl in a research report 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.