Remitly Global Inc (NASDAQ: RELY) started the day on Thursday, with a price decrease of -1.09% at $12.69, before settling in for the price of $12.83 at the close. Taking a more long-term approach, RELY posted a 52-week range of $11.60-$27.95.
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In the past 5-years timespan, the Technology sector firm’s annual sales growth was 67.12%. Meanwhile, its Annual Earning per share during the time was -13.65%. Nevertheless, stock’s Earnings Per Share (EPS) this year is 331.08%. This publicly-traded company’s shares outstanding now amounts to $188.44 million, simultaneously with a float of $144.59 million. The organization now has a market capitalization sitting at $2.48 billion. At the time of writing, stock’s 50-day Moving Average stood at $13.68, while the 200-day Moving Average is $15.93.
Remitly Global Inc (RELY) Ownership Facts and Figures
Now let’s turn our focus to how large-scale investors are working with this stock of the Software – Infrastructure Industry. Remitly Global Inc’s current insider ownership accounts for 25.90%, in contrast to 61.46% institutional ownership. According to the most recent insider trade that took place on Aug 29 ’24, this organization’s Vice Chair sold 22,018 shares at the rate of 13.71, making the entire transaction reach 301,867 in total value, affecting insider ownership by 3,873,811.
Remitly Global Inc (RELY) Earnings and Revenue Records
Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.08 per share during the current fiscal year.
Remitly Global Inc’s EPS increase for this current 12-month fiscal period is 331.08% and is forecasted to reach 0.77 in the upcoming year.
Remitly Global Inc (NASDAQ: RELY) Trading Performance Indicators
Let’s observe the current performance indicators for Remitly Global Inc (RELY). The Stock has managed to achieve an average true range (ATR) of 0.46. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 2.29.
In the same vein, RELY’s Diluted EPS (Earnings per Share) trailing twelve months is recorded -0.56, a figure that is expected to reach 0.12 in the next quarter, and analysts are predicting that it will be 0.77 at the market close of one year from today.
Technical Analysis of Remitly Global Inc (RELY)
If we take a close look at the recent performances of Remitly Global Inc (NASDAQ: RELY), its last 5-days Average volume was 1.94 million that shows progress from its year to date volume of 1.66 million. During the previous 9 days, stock’s Stochastic %D was recorded 13.47% While, its Average True Range was 0.44.
Raw Stochastic average of Remitly Global Inc (RELY) in the period of the previous 100 days is set at 29.66%, which indicates a major rise in contrast to 13.62% during the last 2-weeks. If we go through the volatility metrics of the stock, In the past 14-days, Company’s historic volatility was 20.27% that was lower than 30.59% volatility it exhibited in the past 100-days period.
