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Remitly Global Inc (NASDAQ: RELY) closed the day trading at $20.56 down -1.30% from the previous closing price of $20.83. In other words, the price has decreased by -$1.30 from its previous closing price. On the day, 0.74 million shares were traded. RELY stock price reached its highest trading level at $20.9 during the session, while it also had its lowest trading level at $20.35.
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 12.35 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 45.00. 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 Nov 26 ’24 when Hug Joshua sold 22,198 shares for $20.62 per share. The transaction valued at 457,723 led to the insider holds 3,873,811 shares of the business.
Sharma Pankaj sold 2,000 shares of RELY for $42,080 on Nov 25 ’24. The Chief Business Officer now owns 166,556 shares after completing the transaction at $21.04 per share. On Nov 25 ’24, another insider, Sinha Ankur, who serves as the Chief Product and Tech Officer of the company, sold 9,500 shares for $20.54 each. As a result, the insider received 195,130 and left with 357,071 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 4125610496 and an Enterprise Value of 3761387520. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.42 while its Price-to-Book (P/B) ratio in mrq is 6.45. Its current Enterprise Value per Revenue stands at 3.196 whereas that against EBITDA is -64.149.
Stock Price History:
Over the past 52 weeks, RELY has reached a high of $22.09, while it has fallen to a 52-week low of $11.60. The 50-Day Moving Average of the stock is 25.47%, while the 200-Day Moving Average is calculated to be 29.30%.
Shares Statistics:
Over the past 3-months, RELY traded about 1.85M shares per day on average, while over the past 10 days, RELY traded about 1390680 shares per day. A total of 188.44M shares are outstanding, with a floating share count of 145.78M. Insiders hold about 26.40% of the company’s shares, while institutions hold 60.91% stake in the company. Shares short for RELY as of 1731628800 were 9253094 with a Short Ratio of 5.00, compared to 1728950400 on 9847920. Therefore, it implies a Short% of Shares Outstanding of 9253094 and a Short% of Float of 6.1899999999999995.
