As of close of business last night, Remitly Global Inc’s stock clocked out at $20.49, down -0.63% from its previous closing price of $20.62. In other words, the price has decreased by -$0.13 from its previous closing price. On the day, 1758862 shares were traded.
Ratios:
To gain a deeper understanding of RELY’s stock, we examine its different ratios. In the meantime, Its Debt-to-Equity ratio is 0.27 whereas as Long-Term Debt/Eq ratio is at 0.25.
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:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Feb 29 when Munipalli Hemanth sold 6,164 shares for $20.64 per share. The transaction valued at 127,197 led to the insider holds 144,329 shares of the business.
Yoakum Rene sold 15,000 shares of RELY for $275,613 on Feb 15. The EVP, Customer and Culture now owns 59,928 shares after completing the transaction at $18.37 per share. On Feb 06, another insider, Oppenheimer Matthew B., who serves as the Chief Executive Officer of the company, sold 10,416 shares for $17.92 each. As a result, the insider received 186,630 and left with 4,698,853 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 3.86B and an Enterprise Value of 3.68B. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.09 while its Price-to-Book (P/B) ratio in mrq is 7.29. Its current Enterprise Value per Revenue stands at 3.90 whereas that against EBITDA is -38.17.
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 $13.80. The 50-Day Moving Average of the stock is 18.35, while the 200-Day Moving Average is calculated to be 21.00.
Shares Statistics:
It appears that RELY traded 1.62M shares on average per day over the past three months and 2.1M shares per day over the past ten days. A total of 188.44M shares are outstanding, with a floating share count of 133.99M. Insiders hold about 28.81% of the company’s shares, while institutions hold 54.90% stake in the company. Shares short for RELY as of Feb 15, 2024 were 6.59M with a Short Ratio of 4.07, compared to 5.52M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 3.50% and a Short% of Float of 4.72%.
Earnings Estimates
As of right now, 6 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of -$0.15 for the current quarter, with a high estimate of -$0.1 and a low estimate of -$0.2, while EPS last year was -$0.16. The consensus estimate for the next quarter is -$0.1, with high estimates of -$0.08 and low estimates of -$0.14.
Analysts are recommending an EPS of between -$0.28 and -$0.57 for the fiscal current year, implying an average EPS of -$0.42. EPS for the following year is -$0.13, with 6 analysts recommending between $0.27 and -$0.41.
Revenue Estimates
In the current quarter, 9 analysts expect revenue to total $274.07M. It ranges from a high estimate of $282M to a low estimate of $265M. As of the current estimate, Remitly Global Inc’s year-ago sales were $203.87M, an estimated increase of 34.40% from the year-ago figure. For the next quarter, 9 analysts are estimating revenue of $304.84M, an increase of 41.30% over than the figure of $34.40% in the same quarter last year. There is a high estimate of $316M for the next quarter, whereas the lowest estimate is $293.71M.
A total of 10 analysts have provided revenue estimates for RELY’s current fiscal year. The highest revenue estimate was $1.28B, while the lowest revenue estimate was $1.23B, resulting in an average revenue estimate of $1.24B. In the same quarter a year ago, actual revenue was $944.28M, up 31.80% from the average estimate. Based on 10 analysts’ estimates, the company’s revenue will be $1.55B in the next fiscal year. The high estimate is $1.65B and the low estimate is $1.5B. The average revenue growth estimate for next year is up 24.90% from the average revenue estimate for this year.
