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The price of Remitly Global Inc (NASDAQ: RELY) closed at $14.48 in the last session, up 0.49% from day before closing price of $14.41. In other words, the price has increased by $0.49 from its previous closing price. On the day, 1.22 million shares were traded. RELY stock price reached its highest trading level at $14.62 during the session, while it also had its lowest trading level at $14.29.
Ratios:
We take a closer look at RELY’s different ratios to gain a better understanding of the stock. In the meantime, Its Debt-to-Equity ratio is 0.05 whereas as Long-Term Debt/Eq ratio is at 0.04.
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:
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 Oct 17 ’24 when Oppenheimer Matthew B. sold 40,119 shares for $14.22 per share. The transaction valued at 570,492 led to the insider holds 4,542,613 shares of the business.
Oppenheimer Matthew B. sold 10,416 shares of RELY for $155,928 on Oct 18 ’24. The Chief Executive Officer now owns 4,532,197 shares after completing the transaction at $14.97 per share. On Aug 29 ’24, another insider, Hug Joshua, who serves as the Vice Chair of the company, sold 22,018 shares for $13.71 each. As a result, the insider received 301,867 and left with 3,873,811 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 2825583616 and an Enterprise Value of 2670208256. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.61 while its Price-to-Book (P/B) ratio in mrq is 4.88. Its current Enterprise Value per Revenue stands at 2.468 whereas that against EBITDA is -28.192.
Stock Price History:
Over the past 52 weeks, RELY has reached a high of $27.62, while it has fallen to a 52-week low of $11.60. The 50-Day Moving Average of the stock is 4.75%, while the 200-Day Moving Average is calculated to be -7.72%.
Shares Statistics:
According to the various share statistics, RELY traded on average about 1.48M shares per day over the past 3-months and 1374160 shares per day over the past 10 days. A total of 188.44M shares are outstanding, with a floating share count of 144.64M. Insiders hold about 25.88% of the company’s shares, while institutions hold 61.41% stake in the company. Shares short for RELY as of 1727654400 were 9824454 with a Short Ratio of 6.64, compared to 1724976000 on 10363969. Therefore, it implies a Short% of Shares Outstanding of 9824454 and a Short% of Float of 6.710000000000001.