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After finishing at $13.78 in the prior trading day, Remitly Global Inc (NASDAQ: RELY) closed at $13.60, down -1.31%. In other words, the price has decreased by -$1.31 from its previous closing price. On the day, 1.15 million shares were traded. RELY stock price reached its highest trading level at $14.16 during the session, while it also had its lowest trading level at $13.525.
Ratios:
Our goal is to gain a better understanding of RELY by taking a closer 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 21 ’24 when Oppenheimer Matthew B. sold 52,080 shares for $14.18 per share. The transaction valued at 738,494 led to the insider holds 4,584,277 shares of the business.
Oppenheimer Matthew B. sold 1,545 shares of RELY for $21,893 on Aug 22 ’24. The Chief Executive Officer now owns 4,582,732 shares after completing the transaction at $14.17 per share. On Aug 21 ’24, another insider, Matthew B. Oppenheimer, who serves as the Officer of the company, bought 104,160 shares for $14.23 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 2688978688 and an Enterprise Value of 2498488064. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.45 while its Price-to-Book (P/B) ratio in mrq is 4.58. Its current Enterprise Value per Revenue stands at 2.309 whereas that against EBITDA is -26.379.
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 3.71%, while the 200-Day Moving Average is calculated to be -20.24%.
Shares Statistics:
The stock has traded on average 1.99M shares per day over the past 3-months and 1047250 shares per day over the last 10 days, according to various share statistics. A total of 188.44M shares are outstanding, with a floating share count of 143.94M. Insiders hold about 26.24% of the company’s shares, while institutions hold 61.46% stake in the company. Shares short for RELY as of 1722384000 were 11811366 with a Short Ratio of 5.93, compared to 1719532800 on 11198276. Therefore, it implies a Short% of Shares Outstanding of 11811366 and a Short% of Float of 8.06.
