Remitly Global Inc [RELY] stock is trading at $14.91, down -1.58%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The RELY shares have gain 2.76% over the last week, with a monthly amount glided 11.35%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Remitly Global Inc [NASDAQ: RELY] stock has seen the most recent analyst activity on February 22, 2024, when BMO Capital Markets upgraded its rating to a Outperform and also boosted its price target to $28 from $24. Previously, Wells Fargo started tracking the stock with Underweight rating on January 17, 2024, and set its price target to $16. On December 05, 2023, BMO Capital Markets initiated with a Market Perform rating and assigned a price target of $25 on the stock. Wolfe Research downgraded its rating to a Peer Perform. Wolfe Research upgraded its rating to a Outperform but $28 remained the price target by the analyst firm on August 04, 2023. Wolfe Research downgraded its rating to Peer Perform for this stock on March 27, 2023.
Remitly Global Inc [RELY] stock has fluctuated between $11.60 and $27.62 over the past year. Currently, Wall Street analysts expect the stock to reach $23 within the next 12 months. Remitly Global Inc [NASDAQ: RELY] shares were valued at $14.91 at the most recent close of the market. An investor can expect a potential return of 54.26% based on the average RELY price forecast.
Analyzing the RELY fundamentals
Remitly Global Inc [NASDAQ:RELY] reported sales of 1.08B for the trailing twelve months, which represents a growth of 30.93%. Gross Profit Margin for this corporation currently stands at 0.61% with Operating Profit Margin at -0.1%, Pretax Profit Margin comes in at -0.09%, and Net Profit Margin reading is -0.1%. To continue investigating profitability, this company’s Return on Assets is posted at -0.11, Equity is -0.19 and Total Capital is -0.17. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.04.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 14.70 points at the first support level, and at 14.50 for the second support level. However, for the 1st resistance point, the stock is sitting at 15.24, and for the 2nd resistance point, it is at 15.58.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 2.69, the price to book ratio is 5.02.
Transactions by insiders
Recent insider trading involved Oppenheimer Matthew B., Chief Executive Officer, that happened on Oct 17 ’24 when 40119.0 shares were sold. Chief Executive Officer, Oppenheimer Matthew B. completed a deal on Oct 18 ’24 to sell 10416.0 shares. Meanwhile, Vice Chair Hug Joshua sold 22018.0 shares on Aug 29 ’24.
