For those aiming to surpass market returns, the art of stock picking is crucial. Making wise choices in stocks can greatly enhance your overall wealth.
Remitly Global Inc (NASDAQ: RELY) closed the day trading at $20.31 down -5.71% from the previous closing price of $21.54. In other words, the price has decreased by -$5.71 from its previous closing price. On the day, 3.21 million shares were traded. RELY stock price reached its highest trading level at $21.61 during the session, while it also had its lowest trading level at $20.2235.
Ratios:
For a better understanding of RELY, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 8.37 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 11.70. 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:
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 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:
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 4391123456 and an Enterprise Value of 3667709952. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.05 while its Price-to-Book (P/B) ratio in mrq is 5.72. Its current Enterprise Value per Revenue stands at 2.704 whereas that against EBITDA is 776.235.
Stock Price History:
The Beta on a monthly basis for RELY is 0.18, which has changed by 0.5635104 over the last 52 weeks, in comparison to a change of 0.11730647 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 -3.74%, while the 200-Day Moving Average is calculated to be 2.71%.
Shares Statistics:
Over the past 3-months, RELY traded about 2.64M shares per day on average, while over the past 10 days, RELY traded about 2889260 shares per day. A total of 203.83M shares are outstanding, with a floating share count of 163.64M. Insiders hold about 19.73% of the company’s shares, while institutions hold 64.37% stake in the company. Shares short for RELY as of 1747267200 were 8537441 with a Short Ratio of 3.24, compared to 1744675200 on 6876804. Therefore, it implies a Short% of Shares Outstanding of 8537441 and a Short% of Float of 5.5.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.0
Earnings Estimates
The stock of Remitly Global Inc (RELY) is currently being evaluated by 6.0 analysts who are actively contributing to its market rating.The consensus estimate for the next quarter is $0.2, with high estimates of $0.23 and low estimates of $0.17.
Analysts are recommending an EPS of between $0.85 and $0.73 for the fiscal current year, implying an average EPS of $0.8. EPS for the following year is $1.1, with 7.0 analysts recommending between $1.21 and $0.95.
Revenue Estimates
8 analysts predict $385.21M in revenue for the current quarter. It ranges from a high estimate of $389.56M to a low estimate of $383.7M. As of the current estimate, Remitly Global Inc’s year-ago sales were $306.42MFor the next quarter, 8 analysts are estimating revenue of $407.88M. There is a high estimate of $411.78M for the next quarter, whereas the lowest estimate is $402.7M.
A total of 10 analysts have provided revenue estimates for RELY’s current fiscal year. The highest revenue estimate was $1.59B, while the lowest revenue estimate was $1.58B, resulting in an average revenue estimate of $1.58B. In the same quarter a year ago, actual revenue was $1.26BBased on 10 analysts’ estimates, the company’s revenue will be $1.91B in the next fiscal year. The high estimate is $1.94B and the low estimate is $1.85B.
