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Remitly Global Inc (NASDAQ: RELY) closed the day trading at $22.54 down -1.10% from the previous closing price of $22.79. In other words, the price has decreased by -$1.10 from its previous closing price. On the day, 2.3 million shares were traded.
Ratios:
For a better understanding of RELY, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 9.29 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 12.98. In the meantime, Its Debt-to-Equity ratio is 0.03 whereas as Long-Term Debt/Eq ratio is at 0.02.
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 this company, Monness Crespi & Hardt on May 08, 2025, Reiterated its Buy rating but revised its target price to $32 from $30 previously.
On October 31, 2024, Wells Fargo Upgraded its rating to Equal Weight which previously was Underweight and also upped its target price recommendation from $13 to $18.
BMO Capital Markets Upgraded its Market Perform to Outperform on February 22, 2024, whereas the target price for the stock was revised from $24 to $28.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on May 15 ’25 when Chung Bora sold 13,000 shares for $22.76 per share. The transaction valued at 295,880 led to the insider holds 103,171 shares of the business.
Hug Joshua sold 10,000 shares of RELY for $228,700 on May 16 ’25. The Director now owns 3,753,811 shares after completing the transaction at $22.87 per share. On May 15 ’25, another insider, Hug Joshua, who serves as the Director of the company, sold 10,000 shares for $22.77 each. As a result, the insider received 227,700 and left with 3,763,811 shares of the company.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 3.39 while its Price-to-Book (P/B) ratio in mrq is 6.35.
Stock Price History:
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 8.65%, while the 200-Day Moving Average is calculated to be 17.25%.
Shares Statistics:
A total of 203.83M shares are outstanding, with a floating share count of 163.64M. Insiders hold about 19.73% of the company’s shares, while institutions hold 64.33% stake in the company.
Earnings Estimates
The dynamic stock of Remitly Global Inc (RELY) is currently being evaluated by a team of 6.0 analysts, each contributing to its current rating.The consensus estimate for the next quarter is $0.2, with high estimates of $0.23 and low estimates of $0.17.
Analysts are recommending an EPS of between $0.85 and $0.73 for the fiscal current year, implying an average EPS of $0.8. EPS for the following year is $1.1, with 7.0 analysts recommending between $1.21 and $0.95.
Revenue Estimates
8 analysts predict $385.21M in revenue for the current quarter. It ranges from a high estimate of $389.56M to a low estimate of $383.7M. As of the current estimate, Remitly Global Inc’s year-ago sales were $306.42MFor the next quarter, 8 analysts are estimating revenue of $407.88M. There is a high estimate of $411.78M for the next quarter, whereas the lowest estimate is $402.7M.
A total of 10 analysts have provided revenue estimates for RELY’s current fiscal year. The highest revenue estimate was $1.59B, while the lowest revenue estimate was $1.58B, resulting in an average revenue estimate of $1.58B. In the same quarter a year ago, actual revenue was $1.26BBased on 10 analysts’ estimates, the company’s revenue will be $1.91B in the next fiscal year. The high estimate is $1.94B and the low estimate is $1.85B.
