At the time of writing, Remitly Global Inc [RELY] stock is trading at $20.25, up 3.37%. An important factor to consider is whether the stock is rising or falling in short-term value. The RELY shares have gain 2.64% over the last week, with a monthly amount glided 45.47%, 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 October 31, 2024, when Wells Fargo upgraded its rating to a Equal Weight and also boosted its price target to $18 from $13. Previously, BMO Capital Markets upgraded its rating to Outperform on February 22, 2024, and elevated its price target to $28. On January 17, 2024, Wells Fargo initiated with a Underweight rating and assigned a price target of $16 on the stock. BMO Capital Markets started tracking the stock assigning a Market Perform rating and suggested a price target of $25 on December 05, 2023. Wolfe Research downgraded its rating to a Peer Perform. Wolfe Research upgraded its rating to Outperform for this stock on August 04, 2023, but kept the price target unchanged to $28. In a note dated March 27, 2023, Wolfe Research downgraded an Peer Perform rating on this stock.
For the past year, the stock price of Remitly Global Inc fluctuated between $11.60 and $23.01. Currently, Wall Street analysts expect the stock to reach $25 within the next 12 months. Remitly Global Inc [NASDAQ: RELY] shares were valued at $20.25 at the most recent close of the market. An investor can expect a potential return of 23.46% based on the average RELY price forecast.
Analyzing the RELY fundamentals
According to Remitly Global Inc [NASDAQ:RELY], the company’s sales were 1.18B for trailing twelve months, which represents an 39.27% jump. Gross Profit Margin for this corporation currently stands at 0.62% with Operating Profit Margin at -0.06%, Pretax Profit Margin comes in at -0.05%, and Net Profit Margin reading is -0.06%. To continue investigating profitability, this company’s Return on Assets is posted at -0.07, Equity is -0.12 and Total Capital is -0.1. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.02.
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 19.57 points at the first support level, and at 18.90 for the second support level. However, for the 1st resistance point, the stock is sitting at 20.86, and for the 2nd resistance point, it is at 21.48.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 3.41, the price to book ratio is 6.36.
Transactions by insiders
Recent insider trading involved Matthew B. Oppenheimer, Officer, that happened on Nov 13 ’24 when 0.12 million shares were purchased. EVP, Customer and Culture, Yoakum Rene completed a deal on Nov 11 ’24 to sell 14557.0 shares. Meanwhile, Chief Business Officer Sharma Pankaj sold 4000.0 shares on Nov 06 ’24.
