Remitly Global Inc (RELY) concluded trading on Wednesday at a closing price of $19.73, with 6.38 million shares of worth about $125.92 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 32.77% during that period and on November 06, 2024 the price saw a gain of about 1.91%. 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 29.29% in past 5 days and over the past one month there was a price change of 53.30%. Year-to-date (YTD), RELY shares are showing a performance of 1.60% which decreased to -0.10% 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 $23.01 during that period. The average intraday trading volume for Remitly Global Inc shares is 1.54 million. The stock is currently trading 27.71% above its 20-day simple moving average (SMA20), while that difference is up 37.21% for SMA50 and it goes to 25.72% 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 62.35% of that.
The stock has a current market capitalization of $3.91B and its 3Y-monthly beta is at 0.03. It has posted earnings per share of -$0.35 in the same period. It has a debt-to-equity ratio of 0.02. 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 7.41% while standing at 4.37% over the month.
Stock’s fiscal year EPS is expected to rise by 372.06% while it is estimated to increase by 55.69% 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 October 31, 2024 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.
