Remitly Global Inc (RELY) concluded trading on Thursday at a closing price of $25.79, with 5.91 million shares of worth about $152.33 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 76.89% during that period and on February 20, 2025 the price saw a loss of about -0.46%. Currently the company’s common shares owned by public are about 198.03M shares, out of which, 145.43M shares are available for trading.
Stock saw a price change of 2.95% in past 5 days and over the past one month there was a price change of 11.45%. Year-to-date (YTD), RELY shares are showing a performance of 14.27% which increased to 40.32% 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 $27.32 during that period. The average intraday trading volume for Remitly Global Inc shares is 1.55 million. The stock is currently trading 3.97% above its 20-day simple moving average (SMA20), while that difference is up 10.57% for SMA50 and it goes to 53.44% higher than SMA200.
Remitly Global Inc (NASDAQ: RELY) currently have 198.03M outstanding shares and institutions hold larger chunk of about 61.01% of that.
The stock has a current market capitalization of $5.11B and its 3Y-monthly beta is at 0.08. 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 4.70% while standing at 3.36% over the month.
Stock’s fiscal year EPS is expected to rise by 39.07% while it is estimated to increase by 40.42% in next year. EPS is likely to grow at an annualized rate of 35.44% for next 5-years, compared to annual growth of -13.65% made by the stock over the past 5-years.
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.
