A new trading day began on Monday, with Remitly Global Inc (NASDAQ: RELY) stock price up 5.46% from the previous day of trading, before settling in for the closing price of $17.95. RELY’s price has ranged from $11.60 to $23.01 over the past 52 weeks.
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Technology Sector giant saw their annual sales surged by 67.12% over the last five years. Meanwhile, its annual earnings per share averaged 372.06%. With a float of $144.64 million, this company’s outstanding shares have now reached $188.44 million.
The firm has a total of 2700 workers. Let’s measure their productivity. In terms of profitability, gross margin is 62.02%, operating margin of -5.64%, and the pretax margin is -4.65%.
Remitly Global Inc (RELY) Insider Activity
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 25.88%, while institutional ownership is 62.34%. 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) Earnings and Forecasts
In its latest quarterly report, released on 9/30/2024, the company reported earnings of -0.19 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.05 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 372.06% 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 3.18. Likewise, its price to free cash flow for the trailing twelve months is 41.91.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.35, a number that is poised to hit 0.10 in the next quarter and is forecasted to reach 0.79 in one year’s time.
Technical Analysis of Remitly Global Inc (RELY)
Analysing the last 5-days average volume posted by the [Remitly Global Inc, RELY], we can find that recorded value of 3.47 million was better than the volume posted last year of 1.69 million. As of the previous 9 days, the stock’s Stochastic %D was 71.29%. Additionally, its Average True Range was 0.82.
During the past 100 days, Remitly Global Inc’s (RELY) raw stochastic average was set at 88.31%, which indicates a significant increase from 84.11% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 69.31% in the past 14 days, which was higher than the 41.85% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $14.14, while its 200-day Moving Average is $15.66. Now, the first resistance to watch is $19.28. This is followed by the second major resistance level at $19.63. The third major resistance level sits at $20.28. If the price goes on to break the first support level at $18.29, it is likely to go to the next support level at $17.64. Should the price break the second support level, the third support level stands at $17.29.
Remitly Global Inc (NASDAQ: RELY) Key Stats
With a market capitalization of 3.74 billion, the company has a total of 198,061K 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.
