Investors seeking to outperform the market often focus on hand-picking stocks. Selecting the right ones has proven to be a key factor in boosting wealth.
In the latest session, Remitly Global Inc (NASDAQ: RELY) closed at $14.91 down -3.18% from its previous closing price of $15.40. In other words, the price has decreased by -$3.18 from its previous closing price. On the day, 3.02 million shares were traded. RELY stock price reached its highest trading level at $15.95 during the session, while it also had its lowest trading level at $14.87.
Ratios:
For a deeper understanding of Remitly Global Inc’s stock, let’s take a closer look at its various ratios. In the meantime, Its Debt-to-Equity ratio is 0.30 whereas as Long-Term Debt/Eq ratio is at 0.28.
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, BMO Capital Markets on February 22, 2024, Upgraded its rating to Outperform and sets its target price to $28 from $24 previously.
On January 17, 2024, Wells Fargo started tracking the stock assigning a Underweight rating and target price of $16.
On December 05, 2023, BMO Capital Markets started tracking the stock assigning a Market Perform rating and target price of $25.BMO Capital Markets initiated its Market Perform rating on December 05, 2023, with a $25 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 Apr 25 ’24 when Oppenheimer Matthew B. sold 10,416 shares for $17.94 per share. The transaction valued at 186,863 led to the insider holds 4,657,189 shares of the business.
Oppenheimer Matthew B. sold 10,416 shares of RELY for $191,238 on Apr 24 ’24. The Chief Executive Officer now owns 4,667,605 shares after completing the transaction at $18.36 per share. On Apr 15 ’24, another insider, Yoakum Rene, who serves as the EVP, Customer and Culture of the company, sold 15,000 shares for $18.67 each. As a result, the insider received 280,120 and left with 81,137 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 2869891584 and an Enterprise Value of 2747425024. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.78 while its Price-to-Book (P/B) ratio in mrq is 5.22. Its current Enterprise Value per Revenue stands at 2.721 whereas that against EBITDA is -28.777.
Stock Price History:
The Beta on a monthly basis for RELY is 0.23, which has changed by -0.1529153 over the last 52 weeks, in comparison to a change of 0.22379243 over the same period for the S&P500. Over the past 52 weeks, RELY has reached a high of $27.95, while it has fallen to a 52-week low of $13.60. The 50-Day Moving Average of the stock is -25.10%, while the 200-Day Moving Average is calculated to be -29.66%.
Shares Statistics:
For the past three months, RELY has traded an average of 1.38M shares per day and 1858450 over the past ten days. A total of 188.44M shares are outstanding, with a floating share count of 135.26M. Insiders hold about 28.24% of the company’s shares, while institutions hold 54.33% stake in the company. Shares short for RELY as of 1713139200 were 6948282 with a Short Ratio of 5.03, compared to 1710460800 on 6685531. Therefore, it implies a Short% of Shares Outstanding of 6948282 and a Short% of Float of 4.8299997999999995.
Earnings Estimates
The current assessment of Remitly Global Inc (RELY) involves the perspectives of 7.0 analysts closely monitoring its market dynamics.On average, analysts expect EPS of -$0.11 for the current quarter, with a high estimate of -$0.06 and a low estimate of -$0.2, while EPS last year was -$0.11. The consensus estimate for the next quarter is -$0.1, with high estimates of -$0.05 and low estimates of -$0.12.
Analysts are recommending an EPS of between -$0.25 and -$0.5 for the fiscal current year, implying an average EPS of -$0.4. EPS for the following year is -$0.12, with 7.0 analysts recommending between $0.24 and -$0.34.
Revenue Estimates
A total of 10 analysts believe the company’s revenue will be $303.6M this quarter.It ranges from a high estimate of $305.86M to a low estimate of $299M. As of the current estimate, Remitly Global Inc’s year-ago sales were $215.81MFor the next quarter, 10 analysts are estimating revenue of $319.16M. There is a high estimate of $324.5M for the next quarter, whereas the lowest estimate is $315.51M.
A total of 11 analysts have provided revenue estimates for RELY’s current fiscal year. The highest revenue estimate was $1.25B, while the lowest revenue estimate was $1.22B, resulting in an average revenue estimate of $1.24B. In the same quarter a year ago, actual revenue was $944.28MBased on 11 analysts’ estimates, the company’s revenue will be $1.55B in the next fiscal year. The high estimate is $1.58B and the low estimate is $1.5B.
