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Remitly Global Inc (NASDAQ: RELY) closed the day trading at $22.81 down -1.38% from the previous closing price of $23.13. In other words, the price has decreased by -$1.38 from its previous closing price. On the day, 2.89 million shares were traded.
Ratios:
For a better understanding of RELY, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 9.40 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 13.14. 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 14 ’25 when NASPERS LTD sold 11,900,000 shares for $22.89 per share. The transaction valued at 272,331,500 led to the insider holds 25,441,745 shares of the business.
JOSHUA DAVID HUG bought 10,000 shares of RELY for $231,300 on May 15 ’25. On May 15 ’25, another insider, BORA CHUNG, who serves as the Director of the company, bought 13,000 shares for $22.76 each.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 3.43 while its Price-to-Book (P/B) ratio in mrq is 6.43.
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 10.23%, while the 200-Day Moving Average is calculated to be 19.23%.
Shares Statistics:
A total of 203.83M shares are outstanding, with a floating share count of 151.90M. Insiders hold about 25.49% of the company’s shares, while institutions hold 61.55% stake in the company.
