The stock price of Remitly Global Inc (NASDAQ: RELY) has jumped by 2.10 compared to previous close of 20.94. Despite this, the company has seen a gain of 0.28% in its stock price over the last five trading days. seekingalpha.com reported 2025-03-29 that Remitly’s digital-first approach and AI integration have driven significant growth in revenue, active customers, and operational efficiency, making it a compelling investment. The company has shown impressive international expansion, with 80% growth since 2020. Despite a competitive landscape and potential risks from cryptocurrency and policy changes, Remitly’s strong execution and strategic positioning offer a promising outlook.
Is It Worth Investing in Remitly Global Inc (NASDAQ: RELY) Right Now?
The stock has a 36-month beta value of 0.15. Opinions on the stock are mixed, with 4 analysts rating it as a “buy,” 5 as “overweight,” 2 as “hold,” and 0 as “sell.”
The public float for RELY is 149.40M, and at present, short sellers hold a 6.28% of that float. On April 03, 2025, the average trading volume of RELY was 2.22M shares.
RELY’s Market Performance
RELY stock saw a decrease of 0.28% in the past week, with a monthly decline of -7.04% and a quarterly a decrease of -5.81%. The volatility ratio for the week is 3.72%, and the volatility levels for the last 30 days are 4.05% for Remitly Global Inc (RELY). The simple moving average for the last 20 days is 3.94% for RELY’s stock, with a simple moving average of 19.27% for the last 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 -6.50% 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 -21.74% of loss for the given period.
Volatility was left at 4.05%, however, over the last 30 days, the volatility rate increased by 3.72%, as shares sank -3.78% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -7.61% lower at present.
During the last 5 trading sessions, RELY rose by +0.28%, which changed the moving average for the period of 200-days by +70.36% in comparison to the 20-day moving average, which settled at $20.57. In addition, Remitly Global Inc saw -5.27% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at RELY starting from Sinha Ankur, who sale 5,000 shares at the price of $19.01 back on Mar 17 ’25. After this action, Sinha Ankur now owns 397,805 shares of Remitly Global Inc, valued at $95,050 using the latest closing price.
Oppenheimer Matthew B., the Chief Executive Officer of Remitly Global Inc, sale 14,583 shares at $19.60 during a trade that took place back on Mar 18 ’25, which means that Oppenheimer Matthew B. is holding 4,314,930 shares at $285,827 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 3.11. The receivables turnover for the company is 5.93for trailing twelve months and the total asset turnover is 1.25.
Conclusion
To sum up, Remitly Global Inc (RELY) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
