In the quest to outshine the broader market, stock pickers diligently seek out stocks with the potential for superior performance. Making the right choices can significantly elevate your wealth.
In the latest session, Remitly Global Inc (NASDAQ: RELY) closed at $19.49 down -0.15% from its previous closing price of $19.52. In other words, the price has decreased by -$0.15 from its previous closing price. On the day, 1.94 million shares were traded. RELY stock price reached its highest trading level at $19.8 during the session, while it also had its lowest trading level at $19.26.
Ratios:
For a deeper understanding of Remitly Global Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 10.60 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 22.12. 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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Mar 17 ’25 when ANKUR SINHA bought 5,000 shares for $19.01 per share.
Matthew B. Oppenheimer bought 116,664 shares of RELY for $2,277,281 on Mar 17 ’25. On Feb 27 ’25, another insider, Hug Joshua, who serves as the Vice Chair of the company, sold 27,395 shares for $23.70 each. As a result, the insider received 649,262 and left with 3,833,811 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 3915852800 and an Enterprise Value of 3558026752. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.09 while its Price-to-Book (P/B) ratio in mrq is 5.87. Its current Enterprise Value per Revenue stands at 2.815 whereas that against EBITDA is -128.774.
Stock Price History:
The Beta on a monthly basis for RELY is 0.17, which has changed by -0.07146257 over the last 52 weeks, in comparison to a change of 0.07465422 over the same period for the S&P500. 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 -16.43%, while the 200-Day Moving Average is calculated to be 11.40%.
Shares Statistics:
For the past three months, RELY has traded an average of 2.18M shares per day and 3744600 over the past ten days. A total of 200.53M shares are outstanding, with a floating share count of 147.87M. Insiders hold about 26.29% of the company’s shares, while institutions hold 60.61% stake in the company. Shares short for RELY as of 1740700800 were 7223797 with a Short Ratio of 3.31, compared to 1738281600 on 6844095. Therefore, it implies a Short% of Shares Outstanding of 7223797 and a Short% of Float of 4.75.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.0
