RTB Digital, Inc. Common Stock (NASDAQ:RTB) Shares Down 0.8% - What's Next?

Key Points

• RTB Digital shares fell 0.8% to $7.56 in Wednesday trading, with volume down 62% from the stock’s average daily level. The shares remain below their 50-day and 200-day moving averages.
• Analyst sentiment remains negative despite recent upgrades from “sell” to less-bearish ratings: RTB has an overall “Sell” consensus from MarketBeat, with one analyst maintaining a Sell rating.
• The company reported a quarterly loss of $1.24 per share on $2.33 million in revenue, alongside a negative net margin of 216.56% and negative return on equity of 342.57%. Separately, a major shareholder bought 19,000 shares at an average price of $10.36.

Shares of RTB Digital, Inc. Common Stock (NASDAQ:RTB - Get Free Report) dropped 0.8% on Wednesday. The company traded as low as $7.30 and last traded at $7.56. Approximately 56,892 shares were traded during mid-day trading, a decline of 62% from the average daily volume of 150,112 shares. The stock had previously closed at $7.62.

Analyst Ratings Changes

Several brokerages recently weighed in on RTB. Weiss Ratings upgraded shares of RTB Digital, Inc. Common Stock from a "sell (e+)" rating to a "sell (d)" rating in a research report on Tuesday, September 29th. Wall Street Zen upgraded shares of RTB Digital, Inc. Common Stock from a "sell" rating to a "hold" rating in a research report on Saturday, July 18th. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat, RTB Digital, Inc. Common Stock presently has an average rating of "Sell".

RTB Digital, Inc. Common Stock Trading Down 0.8%

The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $105.92 million, a price-to-earnings ratio of -1.19 and a beta of 2.17. The firm has a 50-day moving average of $11.21 and a 200 day moving average of $9.93.

RTB Digital, Inc. Common Stock (NASDAQ:RTB - Get Free Report) last announced its earnings results on Friday, August 14th. The company reported ($1.24) earnings per share for the quarter. RTB Digital, Inc. Common Stock had a negative net margin of 216.56% and a negative return on equity of 342.57%. The business had revenue of $2.33 million for the quarter.

Insider Activity at RTB Digital, Inc. Common Stock

In other RTB Digital, Inc. Common Stock news, major shareholder Jason Christopher Dorsett purchased 19,000 shares of the stock in a transaction dated Thursday, September 17th. The shares were bought at an average cost of $10.36 per share, with a total value of $196,840.00. Following the completion of the acquisition, the insider owned 4,193,028 shares of the company's stock, valued at approximately $43,439,770.08. This trade represents a 0.46% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 12.39% of the company's stock.

About RTB Digital, Inc. Common Stock

Ryvyl Inc, a technology company, engages in the development, marketing, and sale of blockchain-based payment solutions in North America, Europe, and Asia. The company's blockchain-based systems facilitate, record, and store a volume of tokenized assets representing cash or data on a blockchain-based ledger. Its products include QuickCard Payment System, a physical and virtual payment card processing management system, including software that facilitates on and off ramp e-wallet management; Coyni, a digital token platform, which offers custodial assurance by utilizing its stable coin and blockchain technology in a closed-loop ecosystem; and ChargeSavvy, an end-to-end POS solution comprising software and hardware for the restaurant and hospitality industry.

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