On Tuesday, Remitly Global Inc (NASDAQ: RELY) was -0.98% drop from the session before settling in for the closing price of $20.39. A 52-week range for RELY has been $11.60 – $27.32.
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Annual sales at Technology sector company grew by 60.47% over the past five years. When this article was written, the company’s average yearly earnings per share was at 45.09%. With a float of $149.39 million, this company’s outstanding shares have now reached $200.53 million.
Let’s look at the performance matrix of the company that is accounted 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 Updates
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 25.53%, 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 36.46% 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
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 3.20. Likewise, its price to free cash flow for the trailing twelve months is 22.91.
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 1.17 in one year’s time.
Technical Analysis of Remitly Global Inc (RELY)
Remitly Global Inc (NASDAQ: RELY) saw its 5-day average volume 2.1 million, a negative change from its year-to-date volume of 2.18 million. As of the previous 9 days, the stock’s Stochastic %D was 75.30%. Additionally, its Average True Range was 1.04.
During the past 100 days, Remitly Global Inc’s (RELY) raw stochastic average was set at 27.98%, which indicates a significant decrease from 66.75% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 57.65% in the past 14 days, which was higher than the 39.02% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $22.19, while its 200-day Moving Average is $18.27. Nevertheless, the first resistance level for the watch stands at $20.43 in the near term. At $20.66, the stock is likely to face the second major resistance level. The third major resistance level sits at $20.86. If the price goes on to break the first support level at $20.00, it is likely to go to the next support level at $19.80. Assuming the price breaks the second support level, the third support level stands at $19.57.
Remitly Global Inc (NASDAQ: RELY) Key Stats
There are 200,607K outstanding shares of the company, which has a market capitalization of 4.05 billion. As of now, sales total 1,264 M while income totals -36,980 K. Its latest quarter income was 351,900 K while its last quarter net income were -5,720 K.
