The pursuit of outperformance leads many investors to carefully choose individual stocks. Picking the right ones can be a game-changer for growing your wealth.
The price of Remitly Global Inc (NASDAQ: RELY) closed at $23.84 in the last session, down -0.79% from day before closing price of $24.03. In other words, the price has decreased by -$0.79 from its previous closing price. On the day, 1.92 million shares were traded.
Ratios:
We take a closer look at RELY’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 12.97 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 27.05. In the meantime, Its Debt-to-Equity ratio is 0.02 whereas as Long-Term Debt/Eq ratio is at 0.01.
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 the company, Wells Fargo on October 31, 2024, Upgraded its rating to Equal Weight and sets its target price to $18 from $13 previously.
On February 22, 2024, BMO Capital Markets Upgraded its rating to Outperform which previously was Market Perform and also upped its target price recommendation from $24 to $28.
On January 17, 2024, Wells Fargo started tracking the stock assigning a Underweight rating and target price of $16.Wells Fargo initiated its Underweight rating on January 17, 2024, with a $16 target price.
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 Feb 24 ’25 when Sharma Pankaj sold 9,000 shares for $24.23 per share. The transaction valued at 218,070 led to the insider holds 157,556 shares of the business.
PANKAJ SHARMA bought 18,000 shares of RELY for $429,480 on Feb 24 ’25. On Feb 18 ’25, another insider, RENE YOAKUM, who serves as the Officer of the company, bought 60,000 shares for $27.14 each.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 3.78 while its Price-to-Book (P/B) ratio in mrq is 7.18.
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 1.20%, while the 200-Day Moving Average is calculated to be 40.33%.
Shares Statistics:
A total of 200.53M shares are outstanding, with a floating share count of 145.46M. Insiders hold about 26.56% of the company’s shares, while institutions hold 61.07% stake in the company.
