On Tuesday, Remitly Global Inc (NASDAQ: RELY) was -1.87% drop from the session before settling in for the closing price of $25.70. A 52-week range for RELY has been $11.60 – $25.78.
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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. When this article was written, the company’s average yearly earnings per share was at 375.73%. With a float of $146.62 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
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 25.97%, while institutional ownership is 61.53%. The most recent insider transaction that took place on Feb 06 ’25, was worth 372,450. In this transaction Chief Executive Officer of this company sold 14,583 shares at a rate of $25.54, taking the stock ownership to the 4,344,096 shares. Before that another transaction happened on Feb 05 ’25, when Company’s Chief Executive Officer sold 14,583 for $25.21, making the entire transaction worth $367,637. This insider now owns 4,358,679 shares in total.
Remitly Global Inc (RELY) Latest Financial update
According to the Wall Street analysts, stocks earnings will be around 375.73% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 118.33% during the next five years compared to -13.65% drop over the previous five years of trading.
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 4.24. Likewise, its price to free cash flow for the trailing twelve months is 55.93.
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 1.43 million. That was inferior than the volume of 1.51 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 88.15%. Additionally, its Average True Range was 0.69.
During the past 100 days, Remitly Global Inc’s (RELY) raw stochastic average was set at 95.81%, which indicates a significant increase from 82.22% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 27.00% in the past 14 days, which was lower than the 38.27% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $22.68, while its 200-day Moving Average is $16.55. However, in the short run, Remitly Global Inc’s stock first resistance to watch stands at $25.65. Second resistance stands at $26.08. The third major resistance level sits at $26.38. If the price goes on to break the first support level at $24.91, it is likely to go to the next support level at $24.61. The third support level lies at $24.18 if the price breaches the second support level.
Remitly Global Inc (NASDAQ: RELY) Key Stats
There are 198,061K outstanding shares of the company, which has a market capitalization of 5.00 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.
