Investors with the goal of beating the broader market often turn to stock selection. Strategic choices in individual stocks can have a profound impact on your wealth.
After finishing at $19.10 in the prior trading day, Remitly Global Inc (NASDAQ: RELY) closed at $19.35, up 1.31%. In other words, the price has increased by $1.31 from its previous closing price. On the day, 1.97 million shares were traded. RELY stock price reached its highest trading level at $19.4099 during the session, while it also had its lowest trading level at $19.0.
Ratios:
Our goal is to gain a better understanding of RELY by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 10.53 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 21.96. 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:
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 Apr 17 ’25 when Hug Joshua sold 10,000 shares for $19.71 per share. The transaction valued at 197,100 led to the insider holds 3,823,811 shares of the business.
Hug Joshua sold 10,000 shares of RELY for $192,300 on Apr 21 ’25. The Vice Chair now owns 3,813,811 shares after completing the transaction at $19.23 per share. On Apr 21 ’25, another insider, JOSHUA DAVID HUG, who serves as the Director of the company, bought 10,000 shares for $19.93 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 3998097152 and an Enterprise Value of 3529941760. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.07 while its Price-to-Book (P/B) ratio in mrq is 5.83. Its current Enterprise Value per Revenue stands at 2.793 whereas that against EBITDA is -127.758.
Stock Price History:
The Beta on a monthly basis for RELY is 0.21, which has changed by 0.04991865 over the last 52 weeks, in comparison to a change of 0.042615533 over the same period for the S&P500. 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 -11.02%, while the 200-Day Moving Average is calculated to be 5.05%.
Shares Statistics:
The stock has traded on average 2.33M shares per day over the past 3-months and 2032170 shares per day over the last 10 days, according to various share statistics. A total of 200.53M shares are outstanding, with a floating share count of 149.42M. Insiders hold about 25.52% of the company’s shares, while institutions hold 60.62% stake in the company. Shares short for RELY as of 1743379200 were 8097580 with a Short Ratio of 3.48, compared to 1740700800 on 7223797. Therefore, it implies a Short% of Shares Outstanding of 8097580 and a Short% of Float of 5.33.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.0
