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NYSE:RELY

Remitly Global (RELY) Stock Price, News & Analysis

Remitly Global logo

About Remitly Global Stock (NYSE:RELY)

Key Stats

Today's Range
$14.84
$15.50
50-Day Range
$0.43
$0.43
52-Week Range
$0.23
$6.70
Volume
2.18 million shs
Average Volume
1.47 million shs
Market Capitalization
$2.98 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$20.86
Consensus Rating
Moderate Buy

Company Overview

Remitly Global, Inc. provides digital financial services for immigrants and their families. It primarily offers cross-border remittance services in approximately 170 countries. The company was incorporated in 2011 and is headquartered in Seattle, Washington.

Remitly Global Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
38th Percentile Overall Score

RELY MarketRank™: 

Remitly Global scored higher than 38% of companies evaluated by MarketBeat, and ranked 238th out of 338 stocks in the business services sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Remitly Global has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 7 buy ratings, 1 hold rating, and 1 sell rating.

  • Amount of Analyst Coverage

    Remitly Global has only been the subject of 3 research reports in the past 90 days.

  • Read more about Remitly Global's stock forecast and price target.
  • Earnings Growth

    Earnings for Remitly Global are expected to grow in the coming year, from ($0.30) to ($0.01) per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Remitly Global is -27.25, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Remitly Global is -27.25, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

  • Price to Book Value per Share Ratio

    Remitly Global has a P/B Ratio of 5.34. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Read more about Remitly Global's valuation and earnings.
  • Short Interest

    There is no current short interest data available for RELY.
  • Dividend Yield

    Remitly Global does not currently pay a dividend.

  • Dividend Growth

    Remitly Global does not have a long track record of dividend growth.

  • Short Interest

    There is no current short interest data available for RELY.
  • News Coverage This Week

    MarketBeat has tracked 6 news articles for Remitly Global this week, compared to 2 articles on an average week.
  • Search Interest

    Only 1 people have searched for RELY on MarketBeat in the last 30 days. This is a decrease of -50% compared to the previous 30 days.
  • MarketBeat Follows

    3 people have added Remitly Global to their MarketBeat watchlist in the last 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Remitly Global insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $570,492.00 in company stock.

  • Percentage Held by Insiders

    Only 8.10% of the stock of Remitly Global is held by insiders.

  • Percentage Held by Institutions

    74.25% of the stock of Remitly Global is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Remitly Global's insider trading history.
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RELY Stock News Headlines

Banking failure dead ahead
If you missed it, my emergency election broadcast is now available - but will be removed soon
Challenges and Uncertainties Drive Sell Rating for Remitly Global
See More Headlines

RELY Stock Analysis - Frequently Asked Questions

Remitly Global, Inc. (NYSE:RELY) released its quarterly earnings results on Wednesday, July, 31st. The financial services provider reported ($0.06) earnings per share for the quarter, topping the consensus estimate of ($0.10) by $0.04. Remitly Global's revenue was up 30.9% compared to the same quarter last year.

Remitly Global (RELY) raised $487 million in an initial public offering (IPO) on Thursday, September 23rd 2021. The company issued 12,162,777 shares at $38.00-$42.00 per share.

Remitly Global's top institutional investors include Robeco Institutional Asset Management B.V. (0.29%), Brighton Jones LLC (0.22%), Oak Ridge Investments LLC (0.05%) and SG Americas Securities LLC (0.03%). Insiders that own company stock include Matthew B Oppenheimer, Joshua Hug, Nigel W Morris, Ankur Sinha, Pankaj Sharma, Hemanth Munipalli, Rene Yoakum and William Kazuo Bryant.
View institutional ownership trends
.

Based on aggregate information from My MarketBeat watchlists, some other companies that Remitly Global investors own include Humana (HUM), American Water Works (AWK), NVIDIA (NVDA), Voyager Therapeutics (VYGR), Waste Connections (WCN), TotalEnergies (TTE) and The RMR Group (RMR).

Company Calendar

Last Earnings
7/31/2024
Today
10/30/2024
Next Earnings (Confirmed)
10/30/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Business services, not elsewhere classified
Sub-Industry
N/A
Fax
N/A
Employees
2,700
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$20.86
High Stock Price Target
$30.00
Low Stock Price Target
$13.00
Potential Upside/Downside
+36.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
9 Analysts

Profitability

Net Income
$-117,840,000.00
Pretax Margin
-8.68%

Debt

Sales & Book Value

Annual Sales
$944.28 million
Book Value
$2.86 per share

Miscellaneous

Free Float
179,331,000
Market Cap
$2.98 billion
Optionable
Optionable
Beta
0.10
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This page (NYSE:RELY) was last updated on 10/31/2024 by MarketBeat.com Staff
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