A new trading day began on Monday, with Remitly Global Inc (NASDAQ: RELY) stock price down -1.73% from the previous day of trading, before settling in for the closing price of $14.99. RELY’s price has ranged from $11.60 to $27.95 over the past 52 weeks.
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It was noted that within the last five years, the titan of the Technology sector saw sales topped by 67.12%. Meanwhile, its annual earnings per share averaged 328.34%. With a float of $144.59 million, this company’s outstanding shares have now reached $188.44 million.
The extent of productivity of a business whose workforce counts for 2700 workers is very important to gauge. 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) Insider Updates
As we move forward, let’s examine how large-scale investors are investing in this stock of the Software – Infrastructure Industry. The insider ownership of Remitly Global Inc is 25.90%, while institutional ownership is 61.38%. The most recent insider transaction that took place on Oct 17 ’24, was worth 570,492. In this transaction Chief Executive Officer of this company sold 40,119 shares at a rate of $14.22, taking the stock ownership to the 4,542,613 shares. Before that another transaction happened on Oct 18 ’24, when Company’s Chief Executive Officer sold 10,416 for $14.97, making the entire transaction worth $155,928. This insider now owns 4,532,197 shares in total.
Remitly Global Inc (RELY) Performance Highlights and Predictions
According to the Wall Street analysts, stocks earnings will be around 328.34% per share during the next fiscal year.
Remitly Global Inc (NASDAQ: RELY) Trading Performance Indicators
Here are Remitly Global Inc’s current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.66.
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 0.74 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 1.24 million was inferior to 1.65 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 92.88%. Additionally, its Average True Range was 0.51.
During the past 100 days, Remitly Global Inc’s (RELY) raw stochastic average was set at 85.17%, which indicates a significant increase from 84.90% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 36.17% in the past 14 days, which was higher than the 32.07% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $13.78, while its 200-day Moving Average is $15.75. Now, the first resistance to watch is $14.97. This is followed by the second major resistance level at $15.22. The third major resistance level sits at $15.39. If the price goes on to break the first support level at $14.56, it is likely to go to the next support level at $14.39. Assuming the price breaks the second support level, the third support level stands at $14.14.
Remitly Global Inc (NASDAQ: RELY) Key Stats
With a market capitalization of 2.87 billion, the company has a total of 192,481K Shares Outstanding. Currently, annual sales are 944,290 K while annual income is -117,840 K. The company’s previous quarter sales were 306,420 K while its latest quarter income was -12,090 K.
