H.C. Wainwright analyst Kevin Dede has maintained their neutral stance on RVYL stock, giving a Hold rating on September 20.
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Kevin Dede has given his Hold rating due to a combination of factors surrounding Ryvyl’s recent strategic moves. The company announced a merger with RTB Digital, a web3 digital media technology firm, which introduces new opportunities but also uncertainties. The merger is expected to bring synergies and innovation, particularly in decentralized liquidity, yet it requires shareholder approval and involves significant changes in leadership, with both the founder and CEO stepping down.
Additionally, the valuation of the deal and the potential capital raise introduce further complexities. The proposed valuation is set at $41.25 million, with a significant portion of ownership shifting to RTB stockholders. While the integration of crypto for instant payment solutions in the media business is promising, the evolving nature of the situation makes it difficult to predict the real impact on Ryvyl’s business model. Given these uncertainties, Dede prefers to remain cautious and observe the developments from the sidelines.
In another report released on September 20, TR | OpenAI – 4o also upgraded the stock to a Hold with a $0.50 price target.
Based on the recent corporate insider activity of 35 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of RVYL in relation to earlier this year.