Remitly Global Inc (NASDAQ: RELY) kicked off on Monday, up 3.10% from the previous trading day, before settling in for the closing price of $20.33. Over the past 52 weeks, RELY has traded in a range of $11.60-$27.32.
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A company in the Technology sector has jumped its sales by 60.47% annually for the last half of the decade. While this was happening, its average annual earnings per share was recorded 45.09%. With a float of $149.40 million, this company’s outstanding shares have now reached $200.53 million.
In an organization with 2800 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 60.58%, operating margin of -3.09%, and the pretax margin is -2.39%.
Remitly Global Inc (RELY) Insider Updates
Our next focus will be how large-scale investors are participating in this stock of the Software – Infrastructure Industry. The insider ownership of Remitly Global Inc is 25.53%, while institutional ownership is 60.60%. The most recent insider transaction that took place on Mar 17 ’25, was worth 95,050. In this transaction Chief Product and Tech Officer of this company sold 5,000 shares at a rate of $19.01, taking the stock ownership to the 397,805 shares. Before that another transaction happened on Mar 18 ’25, when Company’s Chief Executive Officer sold 14,583 for $19.60, making the entire transaction worth $285,827. This insider now owns 4,314,930 shares in total.
Remitly Global Inc (RELY) Performance Highlights and Predictions
According to the Wall Street analysts, stocks earnings will be around 45.09% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 35.57% during the next five years compared to 13.42% growth over the previous five years of trading.
Remitly Global Inc (NASDAQ: RELY) Trading Performance Indicators
Take a look at Remitly Global Inc’s (RELY) current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.33. Likewise, its price to free cash flow for the trailing twelve months is 23.79.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.19, a number that is poised to hit 0.17 in the next quarter and is forecasted to reach 1.19 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 1.87 million. That was inferior than the volume of 2.27 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 86.47%. Additionally, its Average True Range was 0.91.
During the past 100 days, Remitly Global Inc’s (RELY) raw stochastic average was set at 49.06%, which indicates a significant decrease from 51.62% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 40.76% in the past 14 days, which was lower than the 43.27% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $23.11, while its 200-day Moving Average is $17.65. However, in the short run, Remitly Global Inc’s stock first resistance to watch stands at $21.15. Second resistance stands at $21.34. The third major resistance level sits at $21.63. If the price goes on to break the first support level at $20.67, it is likely to go to the next support level at $20.38. Assuming the price breaks the second support level, the third support level stands at $20.19.
Remitly Global Inc (NASDAQ: RELY) Key Stats
The company with the Market Capitalisation of 4.20 billion has total of 200,607K Shares Outstanding. Its annual sales at the moment are 1,264 M in contrast with the sum of -36,980 K annual income. Company’s last quarter sales were recorded 351,900 K and last quarter income was -5,720 K.
