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Remitly Global Inc (NASDAQ: RELY) closed the day trading at $13.39 down -1.90% from the previous closing price of $13.65. In other words, the price has decreased by -$1.90 from its previous closing price. On the day, 1.08 million shares were traded. RELY stock price reached its highest trading level at $13.705 during the session, while it also had its lowest trading level at $13.19.
Ratios:
For a better understanding of RELY, let’s look at its different ratios. In the meantime, Its Debt-to-Equity ratio is 0.05 whereas as Long-Term Debt/Eq ratio is at 0.04.
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, BMO Capital Markets on February 22, 2024, Upgraded its rating to Outperform and sets its target price to $28 from $24 previously.
On January 17, 2024, Wells Fargo started tracking the stock assigning a Underweight rating and target price of $16.
On December 05, 2023, BMO Capital Markets started tracking the stock assigning a Market Perform rating and target price of $25.BMO Capital Markets initiated its Market Perform rating on December 05, 2023, with a $25 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 Aug 29 ’24 when Hug Joshua sold 22,018 shares for $13.71 per share. The transaction valued at 301,867 led to the insider holds 3,873,811 shares of the business.
JOSHUA DAVID HUG bought 22,018 shares of RELY for $295,261 on Aug 29 ’24. On Aug 21 ’24, another insider, Oppenheimer Matthew B., who serves as the Chief Executive Officer of the company, sold 52,080 shares for $14.18 each. As a result, the insider received 738,494 and left with 4,584,277 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 2612884480 and an Enterprise Value of 2457509376. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.42 while its Price-to-Book (P/B) ratio in mrq is 4.51. Its current Enterprise Value per Revenue stands at 2.271 whereas that against EBITDA is -25.946.
Stock Price History:
Over the past 52 weeks, RELY has reached a high of $27.95, while it has fallen to a 52-week low of $11.60. The 50-Day Moving Average of the stock is -2.70%, while the 200-Day Moving Average is calculated to be -17.27%.
Shares Statistics:
Over the past 3-months, RELY traded about 1.79M shares per day on average, while over the past 10 days, RELY traded about 1721380 shares per day. A total of 188.44M shares are outstanding, with a floating share count of 144.59M. Insiders hold about 25.90% of the company’s shares, while institutions hold 61.42% stake in the company. Shares short for RELY as of 1726185600 were 11236796 with a Short Ratio of 6.26, compared to 1723680000 on 11197647. Therefore, it implies a Short% of Shares Outstanding of 11236796 and a Short% of Float of 7.670000000000001.
