The price of Remitly Global Inc. (NASDAQ: RELY) closed at $17.50 in the last session, down -1.63% from day before closing price of $17.79. In other words, the price has decreased by -$0.29 from its previous closing price. On the day, 618895 shares were traded. RELY stock price reached its highest trading level at $17.88 during the session, while it also had its lowest trading level at $17.18.
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Ratios:
We take a closer look at RELY’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 3.10 and its Current Ratio is at 3.10. In the meantime, Its Debt-to-Equity ratio is 0.01 whereas as Long-Term Debt/Eq ratio is at 0.00.
Upgrades & Downgrades
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Mar 06 when Hug Joshua sold 7,354 shares for $15.49 per share. The transaction valued at 113,911 led to the insider holds 4,153,631 shares of the business.
Yoakum Rene sold 5,427 shares of RELY for $53,955 on Nov 29. The EVP, Customer and Culture now owns 286 shares after completing the transaction at $9.94 per share. On Nov 28, another insider, Hug Joshua, who serves as the Chief Operating Officer of the company, sold 7,728 shares for $10.30 each. As a result, the insider received 79,625 and left with 4,173,631 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, RELY now has a Market Capitalization of 3.25B and an Enterprise Value of 3.03B. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.36 while its Price-to-Book (P/B) ratio in mrq is 6.18. Its current Enterprise Value per Revenue stands at 4.19 whereas that against EBITDA is -27.87.
Stock Price History:
Over the past 52 weeks, RELY has reached a high of $19.28, while it has fallen to a 52-week low of $7.56. The 50-Day Moving Average of the stock is 17.42, while the 200-Day Moving Average is calculated to be 12.90.
Shares Statistics:
According to the various share statistics, RELY traded on average about 1.07M shares per day over the past 3-months and 723.07k shares per day over the past 10 days. A total of 175.11M shares are outstanding, with a floating share count of 138.15M. Insiders hold about 2.50% of the company’s shares, while institutions hold 71.80% stake in the company. Shares short for RELY as of Apr 27, 2023 were 3.98M with a Short Ratio of 2.79M, compared to 4.25M on Mar 30, 2023. Therefore, it implies a Short% of Shares Outstanding of 2.24% and a Short% of Float of 3.08%.
Earnings Estimates
The company has 4 analysts who recommend its stock at the moment. On average, analysts expect EPS of -$0.16 for the current quarter, with a high estimate of -$0.15 and a low estimate of -$0.18, while EPS last year was -$0.23. The consensus estimate for the next quarter is -$0.16, with high estimates of -$0.15 and low estimates of -$0.18.
Analysts are recommending an EPS of between -$0.61 and -$0.7 for the fiscal current year, implying an average EPS of -$0.65. EPS for the following year is -$0.6, with 4 analysts recommending between -$0.51 and -$0.68.
Revenue Estimates
According to 6 analysts, the current quarter’s revenue is expected to be $215.7M. It ranges from a high estimate of $222.86M to a low estimate of $210.01M. As of the current estimate, Remitly Global Inc.’s year-ago sales were $157.25M, an estimated increase of 37.20% from the year-ago figure. For the next quarter, 6 analysts are estimating revenue of $228.69M, an increase of 35.10% less than the figure of $37.20% in the same quarter last year. There is a high estimate of $240.45M for the next quarter, whereas the lowest estimate is $223.93M.
A total of 8 analysts have provided revenue estimates for RELY’s current fiscal year. The highest revenue estimate was $930.58M, while the lowest revenue estimate was $883.42M, resulting in an average revenue estimate of $896.13M. In the same quarter a year ago, actual revenue was $653.56M, up 37.10% from the average estimate. Based on 8 analysts’ estimates, the company’s revenue will be $1.12B in the next fiscal year. The high estimate is $1.16B and the low estimate is $1.06B. The average revenue growth estimate for next year is up 25.40% from the average revenue estimate for this year.
