The pursuit of market outperformance leads investors to the practice of hand-picking stocks. Skillful choices can be a catalyst for significant wealth enhancement.
After finishing at $22.19 in the prior trading day, Remitly Global Inc (NASDAQ: RELY) closed at $21.52, down -3.02%. In other words, the price has decreased by -$3.02 from its previous closing price. On the day, 3.32 million shares were traded.
Ratios:
Our goal is to gain a better understanding of RELY by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 8.87 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 12.40. In the meantime, Its Debt-to-Equity ratio is 0.03 whereas as Long-Term Debt/Eq ratio is at 0.02.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Monness Crespi & Hardt on May 08, 2025, Reiterated its Buy rating but revised its target price to $32 from $30 previously.
On October 31, 2024, Wells Fargo Upgraded its rating to Equal Weight which previously was Underweight and also upped its target price recommendation from $13 to $18.
BMO Capital Markets Upgraded its Market Perform to Outperform on February 22, 2024, whereas the target price for the stock was revised from $24 to $28.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on May 27 ’25 when Tavis Luke sold 970 shares for $22.33 per share. The transaction valued at 21,660 led to the insider holds 4,128 shares of the business.
Oppenheimer Matthew B. sold 14,583 shares of RELY for $328,263 on May 22 ’25. The Chief Executive Officer now owns 4,256,598 shares after completing the transaction at $22.51 per share. On May 21 ’25, another insider, Oppenheimer Matthew B., who serves as the Chief Executive Officer of the company, sold 14,583 shares for $22.44 each. As a result, the insider received 327,243 and left with 4,271,181 shares of the company.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 3.23 while its Price-to-Book (P/B) ratio in mrq is 6.06.
Stock Price History:
Over the past 52 weeks, RELY has reached a high of $27.32, while it has fallen to a 52-week low of $11.60. The 50-Day Moving Average of the stock is 2.31%, while the 200-Day Moving Average is calculated to be 10.40%.
Shares Statistics:
A total of 203.83M shares are outstanding, with a floating share count of 163.71M. Insiders hold about 19.69% of the company’s shares, while institutions hold 64.33% stake in the company.
