On Monday, Remitly Global Inc (NASDAQ: RELY) was -2.47% drop from the session before settling in for the closing price of $21.04. A 52-week range for RELY has been $11.60 – $22.49.
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Technology Sector giant saw their annual sales surged by 67.12% over the last five years. When this article was written, the company’s average yearly earnings per share was at 372.84%. With a float of $145.80 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
Also, it is sometimes useful to examine the sentiment of large-scale investors toward Remitly Global Inc stocks. The insider ownership of Remitly Global Inc is 26.39%, while institutional ownership is 60.91%. The most recent insider transaction that took place on Nov 25 ’24, was worth 42,080. Before that another transaction happened on Nov 25 ’24, when Company’s Officer proposed sale 9,500 for $20.54, making the entire transaction worth $195,131.
Remitly Global Inc (RELY) Earnings and Forecasts
Going through the last 3-months fiscal report unveiled on the 9/30/2024, it has been observed that the corporation posted 0 earnings per share (EPS) during the time that was less than consensus figure (set at 0.01) by -0.01. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.16 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 372.84% per share during the next fiscal year.
Remitly Global Inc (NASDAQ: RELY) Trading Performance Indicators
You can see what Remitly Global Inc (RELY) is doing with its current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.51. Likewise, its price to free cash flow for the trailing twelve months is 46.30.
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 1.6 million was lower than the volume posted last year of 1.74 million. As of the previous 9 days, the stock’s Stochastic %D was 78.59%. Additionally, its Average True Range was 0.73.
During the past 100 days, Remitly Global Inc’s (RELY) raw stochastic average was set at 91.41%, which indicates a significant increase from 63.16% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 26.32% in the past 14 days, which was lower than the 40.79% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $16.00, while its 200-day Moving Average is $15.86. Now, the first resistance to watch is $21.08. This is followed by the second major resistance level at $21.63. The third major resistance level sits at $21.98. If the price goes on to break the first support level at $20.18, it is likely to go to the next support level at $19.83. Should the price break the second support level, the third support level stands at $19.28.
Remitly Global Inc (NASDAQ: RELY) Key Stats
There are 198,061K outstanding shares of the company, which has a market capitalization of 4.13 billion. As of now, sales total 944,290 K while income totals -117,840 K. Its latest quarter income was 336,530 K while its last quarter net income were 1,920 K.
