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As of close of business last night, Remitly Global Inc’s stock clocked out at $19.36, up 2.27% from its previous closing price of $18.93. In other words, the price has increased by $2.27 from its previous closing price. On the day, 2.96 million shares were traded. RELY stock price reached its highest trading level at $19.51 during the session, while it also had its lowest trading level at $18.5667.
Ratios:
To gain a deeper understanding of RELY’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 11.78 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 42.93. 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:
Investing in insider trades can also provide an investor with insight into how management views future 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 3834460928 and an Enterprise Value of 3523714048. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.26 while its Price-to-Book (P/B) ratio in mrq is 6.08. Its current Enterprise Value per Revenue stands at 2.994 whereas that against EBITDA is -60.096.
Stock Price History:
Over the past 52 weeks, RELY has reached a high of $23.01, while it has fallen to a 52-week low of $11.60. The 50-Day Moving Average of the stock is 35.82%, while the 200-Day Moving Average is calculated to be 23.51%.
Shares Statistics:
It appears that RELY traded 1.52M shares on average per day over the past three months and 2371760 shares per day over the past ten 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 62.41% stake in the company. Shares short for RELY as of 1728950400 were 9847920 with a Short Ratio of 6.48, compared to 1726185600 on 11236796. Therefore, it implies a Short% of Shares Outstanding of 9847920 and a Short% of Float of 6.59.
