At the time of writing, Remitly Global Inc [RELY] stock is trading at $23.85, down -1.28%. 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 13.90% over the last week, with a monthly amount glided 17.14%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Remitly Global Inc [NASDAQ: RELY] stock has seen the most recent analyst activity on May 08, 2025, when Monness Crespi & Hardt reiterated its Buy rating and also boosted its price target to $32 from $30. Previously, Wells Fargo upgraded its rating to Equal Weight on October 31, 2024, and elevated its price target to $18. On February 22, 2024, upgrade upgraded it’s rating to Outperform and revised its price target to $28 on the stock. Wells Fargo started tracking the stock assigning a Underweight rating and suggested a price target of $16 on January 17, 2024. BMO Capital Markets initiated its recommendation with a Market Perform and recommended $25 as its price target on December 05, 2023. Wolfe Research downgraded its rating to Peer Perform for this stock on December 01, 2023. In a note dated August 04, 2023, Wolfe Research upgraded an Outperform rating on this stock but restated the target price of $28.
For the past year, the stock price of Remitly Global Inc fluctuated between $11.60 and $27.32. Currently, Wall Street analysts expect the stock to reach $25 within the next 12 months. Remitly Global Inc [NASDAQ: RELY] shares were valued at $23.85 at the most recent close of the market. An investor can expect a potential return of 4.82% based on the average RELY price forecast.
Analyzing the RELY fundamentals
According to Remitly Global Inc [NASDAQ:RELY], the company’s sales were 1.36B for trailing twelve months, which represents an 34.37% jump. Gross Profit Margin for this corporation currently stands at 0.61% with Operating Profit Margin at -0.03%, Pretax Profit Margin comes in at -0.02%, and Net Profit Margin reading is -0.03%. To continue investigating profitability, this company’s Return on Assets is posted at -0.04, Equity is -0.06 and Total Capital is -0.06. 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 23.36 points at the first support level, and at 22.87 for the second support level. However, for the 1st resistance point, the stock is sitting at 24.48, and for the 2nd resistance point, it is at 25.12.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 3.58, the price to book ratio is 6.72.
Transactions by insiders
Recent insider trading involved ANKUR SINHA, Officer, that happened on May 09 ’25 when 68634.0 shares were purchased. Vice Chair, Hug Joshua completed a deal on May 05 ’25 to sell 37718.0 shares. Meanwhile, Vice Chair Hug Joshua sold 2282.0 shares on May 06 ’25.
