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Remitly Global, Inc. (RELY)
:RELY
Holding RELY?
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RELY Stock Chart & Stats
Day’s Range― - ―
52-Week Range$11.60 - $23.51
Previous CloseN/A
Volume252.20K
Average Volume (3M)1.40M
Market Cap
$4.58B
Enterprise Value$2.44B
Total Cash (Recent Filing)$182.35M
Total Debt (Recent Filing)$5.40M
Price to Earnings (P/E)―
Beta-0.22
Next Earnings
Feb 19, 2025EPS Estimate
0.1Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-0.35
Shares Outstanding198,061,160
10 Day Avg. Volume1,334,959
30 Day Avg. Volume1,395,471
Standard Deviation0.16
R-Squared0.00036
Alpha0.00105
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)3.87
Price to Cash Flow (P/CF)7.80
P/FCF Ratio8.00
Enterprise Value/Market Cap0.53
Enterprise Value/Revenue2.07
Enterprise Value/Gross Profit4.57
Enterprise Value/Ebitda-67.80
Forecast
1Y Price Target
$25.29Price Target Upside9.96% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering7
Remitly Global News
PremiumCompany Announcements
Remitly Global Announces Consulting Agreement with Rene Yoakum
Bulls Say, Bears Say
Bulls Say
Financial PerformanceShares of Remitly Global (RELY) were up ~20% in the aftermarket following material top- and bottom-line beats, including 39% revenue growth and the company’s first quarter of GAAP profitability.
Growth PotentialDespite scaling over three years, RELY only represents ~3% of the global remittance market, suggesting significant growth potential.
Market PositioningRemittance market remains ripe for disruption as RELY is one of the only digitally native remittance players at scale, expecting further transaction margin efficiencies through direct integrations and partnerships.
Bears Say
Financial GuidanceThe company's revenue and EBITDA guidance is considered conservative, potentially causing investor concerns.
Leadership StabilityCFO turnover could lead to uneven stock returns, adding to investor uncertainty.
Stock PerformanceShares have underperformed due to a revenue miss, with a significant year-to-date decline.
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Ownership Overview
5.82% Insiders
15.38% Mutual Funds
0.51% Other Institutional Investors
63.83% Public Companies and Individual Investors
RELY FAQ
What was Remitly Global, Inc.’s price range in the past 12 months?
Remitly Global, Inc. lowest stock price was $11.60 and its highest was $23.51 in the past 12 months.
What is Remitly Global, Inc.’s market cap?
Remitly Global, Inc.’s market cap is $4.58B.
When is Remitly Global, Inc.’s upcoming earnings report date?
Remitly Global, Inc.’s upcoming earnings report date is Feb 19, 2025 which is in 32 days.
How were Remitly Global, Inc.’s earnings last quarter?
Remitly Global, Inc. released its earnings results on Oct 30, 2024. The company reported $0.201 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.071.
Is Remitly Global, Inc. overvalued?
According to Wall Street analysts Remitly Global, Inc.’s price is currently Undervalued.
Does Remitly Global, Inc. pay dividends?
Remitly Global, Inc. does not currently pay dividends.
What is Remitly Global, Inc.’s EPS estimate?
Remitly Global, Inc.’s EPS estimate is 0.1.
How many shares outstanding does Remitly Global, Inc. have?
Remitly Global, Inc. has 198,061,160 shares outstanding.
What happened to Remitly Global, Inc.’s price movement after its last earnings report?
Remitly Global, Inc. reported an EPS of $0.201 in its last earnings report, beating expectations of $0.13. Following the earnings report the stock price went up 17.824%.
Which hedge fund is a major shareholder of Remitly Global, Inc.?
Among the largest hedge funds holding Remitly Global, Inc.’s share is Generation Investment Management LLP. It holds Remitly Global, Inc.’s shares valued at 103M.
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Remitly Global Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Strong Buy
Average Price Target:
$25.29 (9.96% Upside)
$25.29 (9.96% Upside)
Blogger Sentiment
Bullish
RELY Sentiment 70%
Sector Average 68%
Sector Average 68%
Hedge Fund Trend
Increased
By 203.8K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $1.1M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Positive
Last 7 Days ▼ 1.7%
Last 30 Days ▲ 5.9%
Last 30 Days ▲ 5.9%
Technicals
SMA
Positive
20 days / 200 days
Momentum
29.37%
12-Months-Change
Fundamentals
Return on Equity
-11.46%
Trailing 12-Months
Asset Growth
16.53%
Trailing 12-Months
Company Description
Remitly Global, Inc.
Remitly Global Inc provides integrated financial services to immigrants, including helping customers send money internationally in a quick, reliable, and more cost-effective manner by leveraging digital channels. It supports cross-border transmissions across the globe. Its revenue is generated on transaction fees charged to customers and foreign exchange spreads between the foreign exchange rate offered to customers and the foreign exchange rate on the company's currency purchases.
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RELY Company Deck
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RELY Earnings Call
Q3 2024
0:00 / 0:00
Earnings Call Sentiment|Positive
The earnings call reflects strong performance with record revenue growth and significant operational efficiencies. However, there are concerns about potential impacts from the discontinuation of FX tailwinds. Overall, the sentiment is positive, with a focus on sustained growth and profitability.Read More>---
RELY Revenue Breakdown
66.90% U.S.
21.10% ROW
12.00% Canada
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RELY Stock 12 Month Forecast
Average Price Target
$25.29
▲(9.96% Upside)
Technical Analysis
Best Analysts Covering RELY
1 Year
1 Year Success Rate
13/17 ratings generated profit
1 Year Average Return
+33.86%
reiterated a buy rating 2 months ago
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