Ryvyl Extends Discussions on Subsidiary Sale Agreement

Ryvyl ( (RVYL) ) has issued an update.

Ryvyl Inc. has entered into a stock purchase agreement with a purchaser for the sale of its indirect subsidiary, Ryvyl (EU) EAD, based in Bulgaria, for $15 million. However, the company has not exercised its rights to terminate the agreement or extend the standstill period, leading to the expiration of its right to terminate the SPA. Despite this, the purchaser has decided not to finalize the purchase immediately, allowing for further discussions until May 16, 2025.

Spark’s Take on RVYL Stock

According to Spark, TipRanks’ AI Analyst, RVYL is a Neutral.

Ryvyl’s overall stock score reflects significant financial challenges, including declining revenues and negative profitability. Positive cash flow and recently announced strategic plans for growth provide some optimism. However, valuation concerns and technical analysis indicate caution is warranted. The company needs to deliver on its projected growth and improve financial metrics to enhance investor confidence.

To see Spark’s full report on RVYL stock, click here.

More about Ryvyl

Average Trading Volume: 54,903

Technical Sentiment Signal: Sell

Current Market Cap: $7.5M

See more data about RVYL stock on TipRanks’ Stock Analysis page.