Ryvyl Inc. (NASDAQ:RVYL) Shares rose 24.05% during the after-hours session to $6.50 on Thursday.
Shares of the California-based financial technology company closed the regular session at $5.24, up 10.32%, according to data from Benzinga Pro.
Nasdaq compliance restored
On Tuesday, Ryvyl announced that it had received written confirmation from Nasdaq stating that the company has regained compliance with the minimum bid price requirement under Listing Rule 5550(a)(2).
The company said its shares maintained a closing price of $1 or higher for 10 consecutive business days, from Jan. 2 through Jan. 15.
Merger registration filed
Ryvyl also filed a Form S-4 registration statement, used by publicly traded companies to register securities in business combinations, with the Securities and Exchange Commission due to the merger with RTB Digital Inc.a media technology company.
The company stated that all material merger conditions have been met, except SEC approval of the S-4 filing and customary closing requirements. It also noted that the capital structure remains unchanged.
Trading statistics, technical analysis
Ryvyl’s Relative Strength Index (RSI) stands at 37.80.
It has a market cap of $5.40 million and its shares trade between $4.50 and $81.20 within a 52-week period.
Over the past twelve months, Ryvyl shares have plummeted 89.75%, following a steep downtrend and significant pressure on the stock.
The stock is currently very close to the low, at around 0.97% of its 52-week range.
The sharp decline, combined with shares trading near 52-week lows, signals significant pressure, highlighting the increased risk and the importance of clear recovery signals before investor sentiment can strengthen.
Benzinga’s Edge Stock Rankings indicate that RVYL stock has a negative price trend in all time frames.
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Disclaimer: This content was produced in part using AI tools and was reviewed and published by Benzinga’s editorial staff.
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