-8.16% percent quarterly performance for Remitly Global Inc (RELY) is not indicative of the underlying story

On Tuesday, Remitly Global Inc (NASDAQ: RELY) opened higher 0.67% from the last session, before settling in for the closing price of $20.80. Price fluctuations for RELY have ranged from $11.60 to $27.32 over the past 52 weeks.

During the last 5-year period, the sales growth of Technology Sector giant was 60.47%. Company’s average yearly earnings per share was noted 45.09% at the time writing. With a float of $149.40 million, this company’s outstanding shares have now reached $200.53 million.

Let’s determine the extent of company efficiency that accounts for 2800 employees. 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 Activity

A key investor’s attitude towards the stock of the Software – Infrastructure industry is another important factor to consider. 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) Earnings and Forecasts

Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.21 per share during the current fiscal year.

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

Check out the current performance indicators for Remitly Global Inc (RELY). In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.32. Likewise, its price to free cash flow for the trailing twelve months is 23.76.

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)

Looking closely at Remitly Global Inc (NASDAQ: RELY), its last 5-days average volume was 1.71 million, which is a drop from its year-to-date volume of 2.22 million. As of the previous 9 days, the stock’s Stochastic %D was 66.71%. Additionally, its Average True Range was 0.81.

During the past 100 days, Remitly Global Inc’s (RELY) raw stochastic average was set at 27.09%, which indicates a significant decrease from 77.82% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 24.98% in the past 14 days, which was lower than the 33.59% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $22.90, while its 200-day Moving Average is $17.88. However, in the short run, Remitly Global Inc’s stock first resistance to watch stands at $21.16. Second resistance stands at $21.39. The third major resistance level sits at $21.68. If the price goes on to break the first support level at $20.64, it is likely to go to the next support level at $20.35. Should the price break the second support level, the third support level stands at $20.12.

Remitly Global Inc (NASDAQ: RELY) Key Stats

There are currently 200,607K shares outstanding in the company with a market cap of 4.20 billion. Presently, the company’s annual sales total 1,264 M according to its annual income of -36,980 K. Last quarter, the company’s sales amounted to 351,900 K and its income totaled -5,720 K.