Remitly Global Inc (RELY) concluded trading on Thursday at a closing price of $17.98, with 7.51 million shares of worth about $135.0 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 16.75% during that period and on October 31, 2024 the price saw a gain of about 17.82%. Currently the company’s common shares owned by public are about 188.44M shares, out of which, 144.64M shares are available for trading.
Stock saw a price change of 24.17% in past 5 days and over the past one month there was a price change of 38.31%. Year-to-date (YTD), RELY shares are showing a performance of -7.42% which decreased to -33.23% 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 $27.62 during that period. The average intraday trading volume for Remitly Global Inc shares is 1.48 million. The stock is currently trading 26.19% above its 20-day simple moving average (SMA20), while that difference is up 28.87% for SMA50 and it goes to 14.97% higher than SMA200.
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Remitly Global Inc (NASDAQ: RELY) currently have 188.44M outstanding shares and institutions hold larger chunk of about 61.30% of that.
The stock has a current market capitalization of $3.51B 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 5.73% while standing at 3.96% over the month.
Stock’s fiscal year EPS is expected to rise by 325.91% while it is estimated to increase by 62.91% 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 Wells Fargo on Nov-01-24 offering an Equal weight rating for the stock and assigned a target price range of between $13 and $18 to it. Coverage by BMO Capital Markets stated Remitly Global Inc (RELY) stock as an Outperform in their note to investors on February 22, 2024, suggesting a price target of $28 for the stock. On January 17, 2024, Wells Fargo Initiated their recommendations, while on December 05, 2023, BMO Capital Markets Initiated their ratings for the stock with a price target of $25. Stock get a Peer perform rating from Wolfe Research on December 01, 2023.
