For those desiring to outshine the market, the strategic selection of individual stocks is paramount. Well-chosen stocks have the potential to substantially boost your wealth.
Remitly Global Inc (NASDAQ: RELY) closed the day trading at $20.08 down -4.79% from the previous closing price of $21.09. In other words, the price has decreased by -$4.79 from its previous closing price. On the day, 3.36 million shares were traded.
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 10.92 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 22.79. 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 Feb 27 ’25 when Hug Joshua sold 27,395 shares for $23.70 per share. The transaction valued at 649,262 led to the insider holds 3,833,811 shares of the business.
Somalya Saema sold 10,495 shares of RELY for $251,250 on Feb 25 ’25. The CLCAO now owns 55,586 shares after completing the transaction at $23.94 per share. On Feb 27 ’25, another insider, JOSHUA DAVID HUG, who serves as the Director of the company, bought 27,395 shares for $23.84 each.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 3.19 while its Price-to-Book (P/B) ratio in mrq is 6.05.
Stock Price History:
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 -15.15%, while the 200-Day Moving Average is calculated to be 16.00%.
Shares Statistics:
A total of 200.53M shares are outstanding, with a floating share count of 147.19M. Insiders hold about 26.63% of the company’s shares, while institutions hold 60.61% stake in the company.
