Currently, there are 203.83M common shares owned by the public and among those 163.59M shares have been available to trade.
The company’s stock has a 5-day price change of 3.93% and 5.90% over the past three months. RELY shares are trading -8.55% year to date (YTD), with the 12-month market performance up to 64.46% higher. 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 2.59 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 -2.09%, -1.85%, and 3.41% respectively.
Institutional ownership of Remitly Global Inc (NASDAQ: RELY) shares accounts for 64.37% of the company’s 203.83M shares outstanding.
It has a market capitalization of $4.21B and a beta (3y monthly) value of 0.17. The earnings-per-share (ttm) stands at -$0.03. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.57% over the week and 2.55% over the month.
Earnings per share for the fiscal year are expected to increase by 35.49%, and 37.72% over the next financial year. EPS should grow at an annualized rate of 34.44% 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. Monness Crespi & Hardt stated their Buy rating for the stock in a research note on May 08, 2025, with the firm’s price target at $30-$32. Wells Fargo coverage for the Remitly Global Inc (RELY) stock in a research note released on October 31, 2024 offered a Equal Weight rating with a price target of $18. BMO Capital Markets was of a view on February 22, 2024 that the stock is Outperform, while Wells Fargo gave the stock Underweight rating on January 17, 2024, issuing a price target of $16. BMO Capital Markets on their part issued Market Perform rating on December 05, 2023.
