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Ryvyl Stock Plunges 15.46% on Disappointing 2024 Earnings
Generated by AI AgentAinvest Pre-Market Radar
Friday, Jun 6, 2025 4:50 am ET1min read
On June 6, 2025, Ryvyl's stock experienced a significant drop of 15.46% in pre-market trading, marking a notable decline in its share price.
Ryvyl's financial performance for the full year 2024 fell short of market expectations, with revenue declining by 15% to US$56.0 million. This financial setback has likely contributed to the recent drop in the company's stock price.
In a surprising turn of events, Ryvyl's stock surged by 142.02% on a previous trading day, reaching $0.93 per share. This sharp rally occurred without any official news or press releases from the company, adding to the volatility in its stock price.
Ryvyl has received an extension to comply with Nasdaq Listing Rule 5550(b), which may have implications for its stock performance. The company has also ceased negotiations related to certain business activities, further adding to the uncertainty surrounding its future prospects.
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