Remitly Global Inc (RELY) concluded trading on 12/21/23 at a closing price of $18.75, with 2.12 million shares of worth about $39.81 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -0.64% during that period and on Thursday the price saw a gain of about 3.94%. Currently the company’s common shares owned by public are about 173.25M shares, out of which, 131.40M shares are available for trading.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 98 times over the past 12 months. They bought 2,850,512 shares in 64 of the transactions. In 34 selling transactions, insiders dumped 1,905,739 shares.
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Remitly Global Inc (NASDAQ: RELY) started trading at $18.24, above $0.2 from concluding price of the previous day. However, the stock later moved at a day high price of 18.87, or with a gain of 3.94%. Stock saw a price change of -2.04% in past 5 days and over the past one month there was a price change of -13.07%. Year-to-date (YTD), RELY shares are showing a performance of 63.76% which increased to 101.40% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $9.22 but also hit the highest price of $27.95 during that period. The average intraday trading volume for Remitly Global Inc shares is 1.65 million. The stock is currently trading -6.49% below its 20-day simple moving average (SMA20), while that difference is down -16.11% for SMA50 and it goes to -9.29% lower than SMA200.
Remitly Global Inc (NASDAQ: RELY) currently have 173.25M outstanding shares and institutions hold larger chunk of about 52.42% of that.
The stock has a current market capitalization of $3.47B and its 3Y-monthly beta is at 0.06. It has posted earnings per share of -$0.58 in the same period. It has a debt-to-equity ratio of 0.03. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for RELY, volatility over the week remained 4.44% while standing at 3.88% over the month.
Analysts are in expectations that Remitly Global Inc (RELY) stock would likely to be making an EPS of -$0.19 in the current quarter, while forecast for next quarter EPS is -$0.14 and it is -$0.52 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.21 which is -$0.17 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.11 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 234.78% while it is estimated to increase by 54.11% in next year.
Analysts at 9 brokerage firms have issued recommendations for the Remitly Global Inc (RELY)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.56. Out of those 9 Wall Street analysts, 6 recommended a “Buy” rating, while 2 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by BMO Capital Markets on December 05, 2023 offering a Market perform rating for the stock and assigned a target price of $25 to it.
