Analyzing Remitly Global Inc (RELY)’s Gross, Operating, Pretax, and Net Margins

A share price of Remitly Global Inc [RELY] is currently trading at $20.94, down -0.38%. 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 1.55% over the last week, with a monthly amount glided 7.38%, 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.

Remitly Global Inc experienced fluctuations in its stock price throughout the past year between $11.60 and $22.08. Currently, Wall Street analysts expect the stock to reach $25 within the next 12 months. Remitly Global Inc [NASDAQ: RELY] shares were valued at $20.94 at the most recent close of the market. An investor can expect a potential return of 19.39% based on the average RELY price forecast.

Analyzing the RELY fundamentals

Trailing Twelve Months sales for Remitly Global Inc [NASDAQ:RELY] were 1.18B which represents 39.27% growth. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.01.

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 20.77 points at the first support level, and at 20.60 for the second support level. However, for the 1st resistance point, the stock is sitting at 21.09, and for the 2nd resistance point, it is at 21.24.

Ratios To Look Out For

Considering the valuation of this stock, the price to sales ratio is 3.52, the price to book ratio is 6.57.

Transactions by insiders

Recent insider trading involved Hug Joshua, Vice Chair, that happened on Nov 26 ’24 when 22198.0 shares were sold. Chief Business Officer, Sharma Pankaj completed a deal on Nov 25 ’24 to sell 2000.0 shares. Meanwhile, Chief Product and Tech Officer Sinha Ankur sold 9500.0 shares on Nov 25 ’24.

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