Remitly Global Inc (RELY) concluded trading on Thursday at a closing price of $12.69, with 3.1 million shares of worth about $39.38 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -34.99% during that period and on October 10, 2024 the price saw a loss of about -1.09%. Currently the company’s common shares owned by public are about 188.44M shares, out of which, 144.59M shares are available for trading.
Stock saw a price change of -1.55% in past 5 days and over the past one month there was a price change of -7.84%. Year-to-date (YTD), RELY shares are showing a performance of -34.65% which decreased to -50.91% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $11.60 but also hit the highest price of $27.95 during that period. The average intraday trading volume for Remitly Global Inc shares is 1.55 million. The stock is currently trading -6.75% below its 20-day simple moving average (SMA20), while that difference is down -7.22% for SMA50 and it goes to -20.33% lower than SMA200.
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Remitly Global Inc (NASDAQ: RELY) currently have 188.44M outstanding shares and institutions hold larger chunk of about 61.46% of that.
The stock has a current market capitalization of $2.48B and its 3Y-monthly beta is at 0.10. It has posted earnings per share of -$0.56 in the same period. It has a debt-to-equity ratio of 0.05. 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 3.16% while standing at 3.71% over the month.
Stock’s fiscal year EPS is expected to rise by 331.08% while it is estimated to increase by 66.45% in next year.
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 February 22, 2024 offering an Outperform rating for the stock and assigned a target price range of between $24 and $28 to it. Coverage by Wells Fargo stated Remitly Global Inc (RELY) stock as an Underweight in their note to investors on January 17, 2024, suggesting a price target of $16 for the stock. Stock get an Outperform rating from Wolfe Research on August 04, 2023.
