Remitly Global Inc (NASDAQ: RELY) on Monday, soared 4.73% from the previous trading day, before settling in for the closing price of $20.74. Within the past 52 weeks, RELY’s price has moved between $11.60 and $22.08.
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A company in the Technology sector has jumped its sales by 67.12% annually for the last half of the decade. The company achieved an average annual earnings per share of 372.06%. With a float of $146.56 million, this company’s outstanding shares have now reached $198.03 million.
In an organization with 2700 employees, it is important to assess its efficiency. 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 and Institutional Ownership
Observing investor behavior towards Software – Infrastructure industry stocks is more important than anything else. The insider ownership of Remitly Global Inc is 26.02%, while institutional ownership is 60.94%. The most recent insider transaction that took place on Dec 11 ’24, was worth 315,139. In this transaction Chief Executive Officer of this company sold 14,583 shares at a rate of $21.61, taking the stock ownership to the 4,402,428 shares. Before that another transaction happened on Dec 10 ’24, when Company’s Chief Executive Officer sold 14,583 for $20.86, making the entire transaction worth $304,201. This insider now owns 4,417,011 shares in total.
Remitly Global Inc (RELY) Latest Financial update
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
Remitly Global Inc (RELY) is currently performing well based on its current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.55. Likewise, its price to free cash flow for the trailing twelve months is 46.77.
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)
Let’s dig in a bit further. During the last 5-days, its volume was 1.48 million. That was inferior than the volume of 1.72 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 56.06%. Additionally, its Average True Range was 0.67.
During the past 100 days, Remitly Global Inc’s (RELY) raw stochastic average was set at 97.89%, which indicates a significant increase from 89.30% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 31.32% in the past 14 days, which was lower than the 40.59% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $18.04, while its 200-day Moving Average is $15.96. However, in the short run, Remitly Global Inc’s stock first resistance to watch stands at $22.11. Second resistance stands at $22.49. The third major resistance level sits at $23.25. If the price goes on to break the first support level at $20.97, it is likely to go to the next support level at $20.21. The third support level lies at $19.83 if the price breaches the second support level.
Remitly Global Inc (NASDAQ: RELY) Key Stats
Market capitalization of the company is 4.18 billion based on 198,061K outstanding shares. Right now, sales total 944,290 K and income totals -117,840 K. The company made 336,530 K in profit during its latest quarter, and 1,920 K in sales during its previous quarter.
