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In the latest session, Remitly Global Inc (NASDAQ: RELY) closed at $20.96 down -2.74% from its previous closing price of $21.55. In other words, the price has decreased by -$2.74 from its previous closing price. On the day, 3.47 million shares were traded.
Ratios:
For a deeper understanding of Remitly Global Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 8.64 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 12.07. For the most recent quarter (mrq), Quick Ratio is recorded 2.78 and its Current Ratio is at 2.78. 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:
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 May 29 ’25 when Tavis Luke sold 2,920 shares for $21.15 per share. The transaction valued at 61,758 led to the insider holds 1,208 shares of the business.
Hug Joshua sold 60,777 shares of RELY for $1,289,426 on May 29 ’25. The Director now owns 3,733,811 shares after completing the transaction at $21.22 per share. On May 30 ’25, another insider, Hug Joshua, who serves as the Director of the company, sold 20,000 shares for $21.07 each. As a result, the insider received 421,400 and left with 3,713,811 shares of the company.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 3.15 while its Price-to-Book (P/B) ratio in mrq is 5.91.
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 -0.75%, while the 200-Day Moving Average is calculated to be 6.70%.
Shares Statistics:
A total of 203.83M shares are outstanding, with a floating share count of 163.56M. Insiders hold about 19.77% of the company’s shares, while institutions hold 64.37% stake in the company.
