Ryvyl Inc (NASDAQ:RVYL) price on Thursday, May 22, fall -3.72% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $0.65.
A look at the stock’s price movement, the close in the last trading session was $0.68. Turning to its 52-week performance, $2.40 and $0.60 were the 52-week high and 52-week low respectively. Overall, RVYL moved -30.85% over the past month.
Ryvyl Inc’s market cap currently stands at around $5.44 million, with investors looking forward to this quarter’s earnings report slated for in June.
Analysts have a consensus estimate of 17.07M for the company’s revenue for the quarter, with a low and high estimate of 17.05M and 17.1M respectively. The average forecast suggests up to a 43.49% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 74.95M, representing a 33.84% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that RVYL is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
RVYL’s current price about -23.71% and -29.62% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 32.82, while 7-day volatility ratio is 8.66% and 6.42% in the 30-day chart. Further, Ryvyl Inc (RVYL) has a beta value of 4.12, and an average true range (ATR) of 0.10.
If we refocus on Ryvyl Inc (NASDAQ:RVYL), historical trading data shows that trading volumes averaged 55.53K over the past 3 months. The company’s latest data on shares outstanding shows there are 8.36 million shares.
The 59.63% of Ryvyl Inc’s shares are in the hands of company insiders while institutional holders own 2.69% of the company’s shares. Current price change has pushed the stock -50.00% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the RVYL stock continues to rise going into the next quarter.
