For those aiming to surpass market returns, the art of stock picking is crucial. Making wise choices in stocks can greatly enhance your overall wealth.
As of close of business last night, Remitly Global Inc’s stock clocked out at $21.19, down -0.61% from its previous closing price of $21.32. In other words, the price has decreased by -$0.61 from its previous closing price. On the day, 1.15 million shares were traded. RELY stock price reached its highest trading level at $21.57 during the session, while it also had its lowest trading level at $20.95.
Ratios:
To gain a deeper understanding of RELY’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 11.53 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 24.05. 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:
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 Mar 17 ’25 when Sinha Ankur sold 5,000 shares for $19.01 per share. The transaction valued at 95,050 led to the insider holds 397,805 shares of the business.
Oppenheimer Matthew B. sold 14,583 shares of RELY for $285,827 on Mar 18 ’25. The Chief Executive Officer now owns 4,314,930 shares after completing the transaction at $19.60 per share. On Mar 17 ’25, another insider, Oppenheimer Matthew B., who serves as the Chief Executive Officer of the company, sold 14,583 shares for $19.31 each. As a result, the insider received 281,598 and left with 4,329,513 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 4276947200 and an Enterprise Value of 3899059456. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.36 while its Price-to-Book (P/B) ratio in mrq is 6.39. Its current Enterprise Value per Revenue stands at 3.085 whereas that against EBITDA is -141.117.
Stock Price History:
The Beta on a monthly basis for RELY is 0.12, which has changed by 0.033658504 over the last 52 weeks, in comparison to a change of 0.08572841 over the same period for the S&P500. 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 -8.01%, while the 200-Day Moving Average is calculated to be 19.28%.
Shares Statistics:
It appears that RELY traded 2.19M shares on average per day over the past three months and 2244720 shares per day over the past ten days. A total of 200.53M shares are outstanding, with a floating share count of 149.40M. Insiders hold about 25.53% of the company’s shares, while institutions hold 60.60% stake in the company. Shares short for RELY as of 1741910400 were 9380962 with a Short Ratio of 4.28, compared to 1739491200 on 6359243. Therefore, it implies a Short% of Shares Outstanding of 9380962 and a Short% of Float of 6.17.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.0
