Ryvyl Inc. (NASDAQ:RVYL) Major Shareholder Global Fintech & Regtech Fu S8 Acquires 14,491 Shares

Ryvyl Inc. (NASDAQ:RVYL) major shareholder Global Fintech & Regtech Fu S8 bought 14,491 shares of the stock in a transaction dated Monday, June 30th. The stock was purchased at an average price of $0.80 per share, with a total value of $11,592.80. Following the purchase, the insider owned 3,504,845 shares in the company, valued at $2,803,876. This trade represents a 0.42% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

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

• On Tuesday, July 1st, Global Fintech & Regtech Fu S8 sold 100,000 shares of Ryvyl stock. The stock was sold at an average price of $0.83, for a total value of $83,000.00.
• On Thursday, June 26th, Global Fintech & Regtech Fu S8 acquired 100,000 shares of Ryvyl stock. The shares were purchased at an average cost of $0.88 per share, with a total value of $88,000.00.
• On Wednesday, June 25th, Global Fintech & Regtech Fu S8 bought 3,354 shares of Ryvyl stock. The stock was acquired at an average cost of $0.77 per share, for a total transaction of $2,582.58.
• On Monday, June 23rd, Global Fintech & Regtech Fu S8 purchased 100,000 shares of Ryvyl stock. The shares were acquired at an average cost of $0.75 per share, with a total value of $75,000.00.

Ryvyl Stock Down 12.0%

Ryvyl stock opened at $0.66 on Friday. Ryvyl Inc. has a twelve month low of $0.36 and a twelve month high of $2.40. The company has a market capitalization of $5.49 million, a P/E ratio of -0.08 and a beta of 4.10. The stock’s 50 day moving average is $0.76 and its 200 day moving average is $1.00.

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

Analyst Ratings Changes

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

Institutional Trading of Ryvyl

A hedge fund recently raised its stake in Ryvyl stock. Heights Capital Management Inc. grew its position in shares of Ryvyl Inc. (NASDAQ:RVYL) by 341.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 120,026 shares of the company’s stock after buying an additional 92,841 shares during the quarter. Heights Capital Management Inc. owned 1.62% of Ryvyl worth $156,000 as of its most recent filing with the Securities & Exchange Commission. 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.