Currently, there are 200.53M common shares owned by the public and among those 147.19M shares have been available to trade.
The company’s stock has a 5-day price change of -10.96% and -1.54% over the past three months. RELY shares are trading -9.26% year to date (YTD), with the 12-month market performance down to -1.06% lower. It has a 12-month low price of $11.60 and touched a high of $27.32 over the same period. RELY has an average intraday trading volume of 1.95 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -14.25%, -13.30%, and 18.09% respectively.
Institutional ownership of Remitly Global Inc (NASDAQ: RELY) shares accounts for 60.61% of the company’s 200.53M shares outstanding.
It has a market capitalization of $4.11B and a beta (3y monthly) value of 0.17. The earnings-per-share (ttm) stands at -$0.19. The company has a debt-to-equity ratio at 0.02. Price movements for the stock have been influenced by the stock’s volatility, which stands at 5.36% over the week and 4.58% over the month.
Earnings per share for the fiscal year are expected to increase by 45.15%, and 38.09% over the next financial year. EPS should grow at an annualized rate of 35.58% over the next five years, compared to 13.42% over the past 5-year period.
Looking at the support for the RELY, a number of firms have released research notes about the stock. Wells Fargo stated their Equal Weight rating for the stock in a research note on October 31, 2024, with the firm’s price target at $13-$18. BMO Capital Markets coverage for the Remitly Global Inc (RELY) stock in a research note released on February 22, 2024 offered a Outperform rating with a price target of $28. Wells Fargo was of a view on January 17, 2024 that the stock is Underweight, while BMO Capital Markets gave the stock Market Perform rating on December 05, 2023, issuing a price target of $25. Wolfe Research on their part issued Peer Perform rating on December 01, 2023.
