Ratios Uncovered: Breaking Down Remitly Global Inc (RELY)’s Trailing Twelve Months Metrics

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The price of Remitly Global Inc (NASDAQ: RELY) closed at $12.97 in the last session, down -0.19% from day before closing price of $12.99. In other words, the price has decreased by -$0.19 from its previous closing price. On the day, 1.8 million shares were traded. RELY stock price reached its highest trading level at $13.1499 during the session, while it also had its lowest trading level at $12.76.


We take a closer look at RELY’s different ratios to gain a better understanding of the stock. In the meantime, Its Debt-to-Equity ratio is 0.30 whereas as Long-Term Debt/Eq ratio is at 0.28.

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:

An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on May 29 ’24 when Hug Joshua sold 26,239 shares for $13.23 per share. The transaction valued at 347,013 led to the insider holds 3,873,631 shares of the business.

Yoakum Rene sold 15,000 shares of RELY for $213,530 on May 15 ’24. The EVP, Customer and Culture now owns 81,137 shares after completing the transaction at $14.24 per share. On May 14 ’24, another insider, Oppenheimer Matthew B., who serves as the Chief Executive Officer of the company, sold 10,416 shares for $14.24 each. As a result, the insider received 148,324 and left with 4,636,357 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 2496478464 and an Enterprise Value of 2374012672. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.47 while its Price-to-Book (P/B) ratio in mrq is 4.54. Its current Enterprise Value per Revenue stands at 2.352 whereas that against EBITDA is -24.866.

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 $12.90. The 50-Day Moving Average of the stock is -25.01%, while the 200-Day Moving Average is calculated to be -36.85%.

Shares Statistics:

According to the various share statistics, RELY traded on average about 1.56M shares per day over the past 3-months and 1711750 shares per day over the past 10 days. A total of 188.44M shares are outstanding, with a floating share count of 138.53M. Insiders hold about 27.96% of the company’s shares, while institutions hold 56.80% stake in the company. Shares short for RELY as of 1715731200 were 6704704 with a Short Ratio of 4.31, compared to 1713139200 on 6948282. Therefore, it implies a Short% of Shares Outstanding of 6704704 and a Short% of Float of 4.66.

Earnings Estimates

A comprehensive evaluation of Remitly Global Inc (RELY) is underway, with the input of 7.0 analysts contributing to its current rating.On average, analysts expect EPS of -$0.1 for the current quarter, with a high estimate of -$0.06 and a low estimate of -$0.2, while EPS last year was -$0.11. The consensus estimate for the next quarter is -$0.09, with high estimates of -$0.05 and low estimates of -$0.12.

Analysts are recommending an EPS of between -$0.25 and -$0.5 for the fiscal current year, implying an average EPS of -$0.38. EPS for the following year is -$0.12, with 7.0 analysts recommending between $0.24 and -$0.34.

Revenue Estimates

According to 9 analysts, the current quarter’s revenue is expected to be $303.35M. It ranges from a high estimate of $305.47M to a low estimate of $299M. As of the current estimate, Remitly Global Inc’s year-ago sales were $215.81MFor the next quarter, 9 analysts are estimating revenue of $318.93M. There is a high estimate of $324.5M for the next quarter, whereas the lowest estimate is $315.51M.

A total of 10 analysts have provided revenue estimates for RELY’s current fiscal year. The highest revenue estimate was $1.25B, while the lowest revenue estimate was $1.22B, resulting in an average revenue estimate of $1.24B. In the same quarter a year ago, actual revenue was $944.28MBased on 10 analysts’ estimates, the company’s revenue will be $1.54B in the next fiscal year. The high estimate is $1.58B and the low estimate is $1.5B.

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