On Monday, Remitly Global Inc (NASDAQ: RELY) opened lower -2.04% from the last session, before settling in for the closing price of $13.26. Price fluctuations for RELY have ranged from $11.60 to $27.95 over the past 52 weeks.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Technology sector was 67.12%. Company’s average yearly earnings per share was noted 329.42% at the time writing. With a float of $144.59 million, this company’s outstanding shares have now reached $188.44 million.
Considering the fact that the conglomerate employs 2700 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 61.44%, operating margin of -9.58%, and the pretax margin is -8.68%.
Remitly Global Inc (RELY) Breakdown of a Key Holders of the stock
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 25.90%, while institutional ownership is 61.46%. The most recent insider transaction that took place on Aug 29 ’24, was worth 301,867. In this transaction Vice Chair of this company sold 22,018 shares at a rate of $13.71, taking the stock ownership to the 3,873,811 shares. Before that another transaction happened on Aug 29 ’24, when Company’s Officer proposed sale 22,018 for $13.41, making the entire transaction worth $295,261.
Remitly Global Inc (RELY) Recent Fiscal highlights
According to the Wall Street analysts, stocks earnings will be around 329.42% 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 addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.34.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.56, a number that is poised to hit 0.12 in the next quarter and is forecasted to reach 0.77 in one year’s time.
Technical Analysis of Remitly Global Inc (RELY)
Compared to the last year’s volume of 1.65 million, its volume of 1.19 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 18.21%. Additionally, its Average True Range was 0.47.
During the past 100 days, Remitly Global Inc’s (RELY) raw stochastic average was set at 37.82%, which indicates a significant increase from 10.19% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 20.70% in the past 14 days, which was lower than the 30.53% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $13.72, while its 200-day Moving Average is $16.01. Nevertheless, the first resistance level for the watch stands at $13.20 in the near term. At $13.42, the stock is likely to face the second major resistance level. The third major resistance level sits at $13.57. If the price goes on to break the first support level at $12.84, it is likely to go to the next support level at $12.69. Now, if the price goes above the second support level, the third support stands at $12.48.
Remitly Global Inc (NASDAQ: RELY) Key Stats
There are currently 192,481K shares outstanding in the company with a market cap of 2.53 billion. Presently, the company’s annual sales total 944,290 K according to its annual income of -117,840 K. Last quarter, the company’s sales amounted to 306,420 K and its income totaled -12,090 K.
