In the latest session, Remitly Global Inc (NASDAQ: RELY) closed at $18.52 down -2.99% from its previous closing price of $19.09. On the day, 1703540 shares were traded.
Ratios:
For a deeper understanding of Remitly Global Inc’s stock, let’s take a closer look at its various 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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Apr 10 ’24 when Hug Joshua sold 20,000 shares for $20.30 per share. The transaction valued at 406,042 led to the insider holds 3,873,631 shares of the business.
Hug Joshua sold 20,000 shares of RELY for $420,630 on Apr 09 ’24. The Chief Operating Officer now owns 3,893,631 shares after completing the transaction at $21.03 per share. On Apr 04 ’24, another insider, Hug Joshua, who serves as the Chief Operating Officer of the company, sold 20,000 shares for $20.69 each. As a result, the insider received 413,790 and left with 3,913,631 shares of the company.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 3.70 while its Price-to-Book (P/B) ratio in mrq is 6.59.
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 $15.83.
Shares Statistics:
A total of 188.44M shares are outstanding, with a floating share count of 135.24M. Insiders hold about 28.26% of the company’s shares, while institutions hold 55.02% stake in the company.
Earnings Estimates
There are B. Riley Financial, Inc. different market analysts currently analyzing its stock. The consensus estimate for the next quarter is $18.52, with high estimates of $0.28 and low estimates of $9.90.
Analysts are recommending an EPS of between $Financial Services and $Technology for the fiscal current year, implying an average EPS of $Technology.
