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

Ryvyl Inc. (NASDAQ:RVYL) major shareholder Global Fintech & Regtech Fu S8 sold 100,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $0.83, for a total transaction of $83,000.00. Following the transaction, the insider owned 3,404,845 shares in the company, valued at approximately $2,826,021.35. This trade represents a 2.85% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Large shareholders that own 10% or more 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 Monday, June 30th, Global Fintech & Regtech Fu S8 bought 14,491 shares of Ryvyl stock. The shares were acquired at an average price of $0.80 per share, for a total transaction of $11,592.80.
• On Thursday, June 26th, Global Fintech & Regtech Fu S8 purchased 100,000 shares of Ryvyl stock. The stock was purchased at an average price of $0.88 per share, for a total transaction of $88,000.00.
• On Wednesday, June 25th, Global Fintech & Regtech Fu S8 purchased 3,354 shares of Ryvyl stock. The shares were purchased 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 bought 100,000 shares of Ryvyl stock. The stock was purchased at an average price of $0.75 per share, for a total transaction of $75,000.00.

Ryvyl Stock Performance

Ryvyl stock opened at $0.66 on Friday. The company has a market cap of $5.49 million, a P/E ratio of -0.08 and a beta of 4.10. Ryvyl Inc. has a 1 year low of $0.36 and a 1 year high of $2.40. The firm’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). Ryvyl had a negative return on equity of 655.77% and a negative net margin of 49.47%. The business had revenue of $14.13 million during the quarter, compared to the consensus estimate of $15.54 million. As a group, sell-side analysts predict that Ryvyl Inc. will post -2.31 earnings per share for the current year.

Institutional Investors Weigh In On Ryvyl

A hedge fund recently raised its stake in Ryvyl stock. Heights Capital Management Inc. increased its stake in shares of Ryvyl Inc. (NASDAQ:RVYL) by 341.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 120,026 shares of the company’s stock after acquiring an additional 92,841 shares during the quarter. Heights Capital Management Inc. owned about 1.62% of Ryvyl worth $156,000 at the end of the most recent reporting period. Institutional investors own 17.37% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.