No matter how cynical the overall market is Remitly Global Inc. (RELY) performance over the last week is recorded -1.90%

On January 24, 2023, Remitly Global Inc. (NASDAQ: RELY) opened at $12.38, lower -4.36% from the last session. During the day, the shares moved up to $12.54 and dropped to $11.80 before settling in for the closing price of $12.39. Price fluctuations for RELY have ranged from $6.66 to $13.59 over the past 52 weeks.

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Company’s average yearly earnings per share was noted -17.00% at the time writing. With a float of $138.15 million, this company’s outstanding shares have now reached $168.60 million.

The extent of productivity of a business whose workforce counts for 1800 workers is very important to gauge. In terms of profitability, gross margin is +47.15, operating margin of -8.66, and the pretax margin is -8.22.

Remitly Global Inc. (RELY) Insider Updates

A key investor’s attitude towards the stock of the Software – Infrastructure industry is another important factor to consider. The insider ownership of Remitly Global Inc. is 2.50%, while institutional ownership is 71.80%. The most recent insider transaction that took place on Nov 29, was worth 53,955. In this transaction EVP, Customer and Culture of this company sold 5,427 shares at a rate of $9.94, taking the stock ownership to the 286 shares. Before that another transaction happened on Nov 28, when Company’s Chief Operating Officer sold 7,728 for $10.30, making the entire transaction worth $79,625. This insider now owns 4,173,631 shares in total.

Remitly Global Inc. (RELY) Performance Highlights and Predictions

If we go through the results of last quarter, which was made public on 6/29/2022, the company posted -$0.23 earnings per share (EPS) for the quarter, coming under the agreed prediction (set at -$0.13) by -$0.1. This company achieved a net margin of -8.45 while generating a return on equity of -11.80. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.15 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around -17.00% per share during the next fiscal year.

Remitly Global Inc. (NASDAQ: RELY) Trading Performance Indicators

Check out the current performance indicators for Remitly Global Inc. (RELY). In the past quarter, the stock posted a quick ratio of 3.10. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.32.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.67, a number that is poised to hit -0.14 in the next quarter and is forecasted to reach -0.70 in one year’s time.

Technical Analysis of Remitly Global Inc. (RELY)

The latest stats from [Remitly Global Inc., RELY] show that its last 5-days average volume of 0.74 million was inferior to 0.77 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 73.60%. Additionally, its Average True Range was 0.57.

During the past 100 days, Remitly Global Inc.’s (RELY) raw stochastic average was set at 80.83%, which indicates a significant increase from 58.93% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 32.44% in the past 14 days, which was lower than the 64.12% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $10.66, while its 200-day Moving Average is $10.34. Now, the first resistance to watch is $12.33. This is followed by the second major resistance level at $12.80. The third major resistance level sits at $13.07. If the price goes on to break the first support level at $11.59, it is likely to go to the next support level at $11.32. Assuming the price breaks the second support level, the third support level stands at $10.85.

Remitly Global Inc. (NASDAQ: RELY) Key Stats

There are currently 170,664K shares outstanding in the company with a market cap of 1.99 billion. Presently, the company’s annual sales total 458,610 K according to its annual income of -38,760 K. Last quarter, the company’s sales amounted to 169,260 K and its income totaled -33,070 K.


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