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The closing price of Remitly Global Inc (NASDAQ: RELY) was $14.10 for the day, up 1.81% from the previous closing price of $13.85. In other words, the price has increased by $1.81 from its previous closing price. On the day, 0.82 million shares were traded. RELY stock price reached its highest trading level at $14.32 during the session, while it also had its lowest trading level at $13.99.
Ratios:
Our analysis of RELY’s different ratios will help us gain a deeper understanding of the company. In the meantime, Its Debt-to-Equity ratio is 0.05 whereas as Long-Term Debt/Eq ratio is at 0.04.
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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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 13 ’24, another insider, Oppenheimer Matthew B., who serves as the Chief Executive Officer of the company, sold 10,416 shares for $14.32 each. As a result, the insider received 149,157 and left with 4,646,773 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 2751431680 and an Enterprise Value of 2547272192. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.54 while its Price-to-Book (P/B) ratio in mrq is 4.75. Its current Enterprise Value per Revenue stands at 2.354 whereas that against EBITDA is -26.894.
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 $11.60. The 50-Day Moving Average of the stock is 8.71%, while the 200-Day Moving Average is calculated to be -18.85%.
Shares Statistics:
RELY traded an average of 2.12M shares per day over the past three months and 1867820 shares per day over the past ten days. A total of 188.44M shares are outstanding, with a floating share count of 143.94M. Insiders hold about 26.24% of the company’s shares, while institutions hold 61.43% stake in the company. Shares short for RELY as of 1722384000 were 11811366 with a Short Ratio of 5.57, compared to 1719532800 on 11198276. Therefore, it implies a Short% of Shares Outstanding of 11811366 and a Short% of Float of 8.06.
