Remitly Global Inc (RELY) concluded trading on Thursday at a closing price of $24.16, with 6.78 million shares of worth about $163.76 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 27.63% during that period and on May 08, 2025 the price saw a gain of about 14.56%. Currently the company’s common shares owned by public are about 203.83M shares, out of which, 151.85M shares are available for trading.
Stock saw a price change of 19.19% in past 5 days and over the past one month there was a price change of 29.54%. Year-to-date (YTD), RELY shares are showing a performance of 7.04% which increased to 56.78% 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 2.47 million. The stock is currently trading 18.38% above its 20-day simple moving average (SMA20), while that difference is up 17.01% for SMA50 and it goes to 27.97% higher than SMA200.
Remitly Global Inc (NASDAQ: RELY) currently have 203.83M outstanding shares and institutions hold larger chunk of about 58.67% of that.
The stock has a current market capitalization of $4.92B and its 3Y-monthly beta is at 0.16. It has posted earnings per share of -$0.03 in the same period. It has a debt-to-equity ratio of 0.03. 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 4.30% while standing at 4.01% over the month.
Analysts are in expectations that Remitly Global Inc (RELY) stock would likely to be making an EPS of 0.19 in the current quarter, while forecast for next quarter EPS is 0.21 and it is 1.12 for next year. For the current quarter EPS, analysts have given the company a lowest target 0.16 which is 0.21 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of 0.1 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 39.59% while it is estimated to increase by 36.02% in next year. EPS is likely to grow at an annualized rate of 30.16% for next 5-years, compared to annual growth of 13.42% 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 Monness Crespi & Hardt on May 08, 2025 offering a Buy rating for the stock and assigned a target price range of between $30 and $32 to it. Coverage by Wells Fargo stated Remitly Global Inc (RELY) stock as an Equal weight in their note to investors on October 31, 2024, suggesting a price target of $18 for the stock. On February 22, 2024, BMO Capital Markets Upgrade their recommendations, while on January 17, 2024, Wells Fargo Initiated their ratings for the stock with a price target of $16. Stock get a Market perform rating from BMO Capital Markets on December 05, 2023.
