Company’s 36-month beta value is 0.07.Analysts have differing opinions on the stock, with 4 analysts rating it as a “buy,” 5 as “overweight,” 2 as “hold,” and 0 as “sell.”
The public float for RELY is 145.46M, and currently, short sellers hold a 4.71% ratio of that floaft. The average trading volume of RELY on February 25, 2025 was 1.68M shares.
RELY) stock’s latest price update
The stock of Remitly Global Inc (NASDAQ: RELY) has increased by 3.60 when compared to last closing price of 23.86. Despite this, the company has experienced a -8.92% fall in its stock price over the last five trading sessions. seekingalpha.com reported 2025-02-19 that Remitly Global, Inc. (NASDAQ:RELY ) Q4 2024 Earnings Conference Call February 19, 2025 5:00 PM ET Company Participants Stephen Shulstein – Vice President of Investor Relations Matt Oppenheimer – Co-Founder and Chief Executive Officer Vikas Mehta – Chief Financial Officer Conference Call Participants Andrew Schmidt – Citigroup Rufus Hone – BMO Chris Kennedy – William Blair Darrin Peller – Wolfe Research Alex Markgraff – KBCM Operator Good day, and thank you for standing by. Welcome to the Remitly’s Fourth Quarter 2024 Earnings Conference Call.
RELY’s Market Performance
Remitly Global Inc (RELY) has seen a -8.92% fall in stock performance for the week, with a 4.97% gain in the past month and a 23.79% surge in the past quarter. The volatility ratio for the week is 5.97%, and the volatility levels for the past 30 days are at 3.74% for RELY. The simple moving average for the past 20 days is -0.74% for RELY’s stock, with a 46.27% simple moving average for the past 200 days.
Analysts’ Opinion of RELY
Many brokerage firms have already submitted their reports for RELY stocks, with Wells Fargo repeating the rating for RELY by listing it as a “Equal Weight.” The predicted price for RELY in the upcoming period, according to Wells Fargo is $18 based on the research report published on October 31, 2024 of the previous year 2024.
BMO Capital Markets, on the other hand, stated in their research note that they expect to see RELY reach a price target of $28, previously predicting the price at $24. The rating they have provided for RELY stocks is “Outperform” according to the report published on February 22nd, 2024.
Wells Fargo gave a rating of “Underweight” to RELY, setting the target price at $16 in the report published on January 17th of the previous year.
RELY Trading at 5.40% from the 50-Day Moving Average
After a stumble in the market that brought RELY to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -9.52% of loss for the given period.
Volatility was left at 3.74%, however, over the last 30 days, the volatility rate increased by 5.97%, as shares surge +7.38% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +17.60% upper at present.
During the last 5 trading sessions, RELY fell by -8.92%, which changed the moving average for the period of 200-days by +60.42% in comparison to the 20-day moving average, which settled at $24.91. In addition, Remitly Global Inc saw 9.53% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at RELY starting from PANKAJ SHARMA, who proposed sale 18,000 shares at the price of $23.86 back on Feb 24 ’25. After this action, PANKAJ SHARMA now owns shares of Remitly Global Inc, valued at $429,480 using the latest closing price.
RENE YOAKUM, the Officer of Remitly Global Inc, proposed sale 60,000 shares at $27.14 during a trade that took place back on Feb 18 ’25, which means that RENE YOAKUM is holding shares at $1,628,400 based on the most recent closing price.
Stock Fundamentals for RELY
Current profitability levels for the company are sitting at:
- -0.03 for the present operating margin
- 0.61 for the gross margin
The net margin for Remitly Global Inc stands at -0.03. The total capital return value is set at -0.06. Equity return is now at value -6.19, with -3.61 for asset returns.
Based on Remitly Global Inc (RELY), the company’s capital structure generated 0.02 points at debt to capital in total, while cash flow to debt ratio is standing at 11.94. The debt to equity ratio resting at 0.02. The interest coverage ratio of the stock is -12.06.
Currently, EBITDA for the company is -15.44 million with net debt to EBITDA at 25.5. When we switch over and look at the enterprise to sales, we see a ratio of 3.6. The receivables turnover for the company is 5.93for trailing twelve months and the total asset turnover is 1.25.
Conclusion
In a nutshell, Remitly Global Inc (RELY) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
