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The price of Remitly Global Inc (NASDAQ: RELY) closed at $20.46 in the last session, up 2.45% from day before closing price of $19.97. In other words, the price has increased by $2.45 from its previous closing price. On the day, 1.09 million shares were traded. RELY stock price reached its highest trading level at $20.5 during the session, while it also had its lowest trading level at $19.99.
Ratios:
We take a closer look at RELY’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 12.45 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 45.37. 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:
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 Nov 20 ’24 when ANKUR SINHA bought 1,112 shares for $20.50 per share.
Yoakum Rene sold 345 shares of RELY for $6,900 on Nov 15 ’24. The EVP, Customer and Culture now owns 122,522 shares after completing the transaction at $20.00 per share. On Nov 15 ’24, another insider, RENE YOAKUM, who serves as the Officer of the company, bought 45,000 shares for $19.83 each.
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 4052327680 and an Enterprise Value of 3741581312. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.44 while its Price-to-Book (P/B) ratio in mrq is 6.42. Its current Enterprise Value per Revenue stands at 3.179 whereas that against EBITDA is -63.811.
Stock Price History:
Over the past 52 weeks, RELY has reached a high of $22.49, while it has fallen to a 52-week low of $11.60. The 50-Day Moving Average of the stock is 30.97%, while the 200-Day Moving Average is calculated to be 29.33%.
Shares Statistics:
According to the various share statistics, RELY traded on average about 1.78M shares per day over the past 3-months and 2751470 shares per day over the past 10 days. A total of 188.44M shares are outstanding, with a floating share count of 145.80M. Insiders hold about 26.39% of the company’s shares, while institutions hold 60.91% stake in the company. Shares short for RELY as of 1730332800 were 10512672 with a Short Ratio of 5.90, compared to 1727654400 on 9824454. Therefore, it implies a Short% of Shares Outstanding of 10512672 and a Short% of Float of 7.04.
