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Remitly Global (RELY)
NASDAQ:RELY
Holding RELY?
Track your performance easily
RELY Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$11.60 - $22.49
Previous Close$21.04
Volume1.85M
Average Volume (3M)1.82M
Market Cap
$4.17B
Enterprise Value$3.86B
Total Cash (Recent Filing)$324.43M
Total Debt (Recent Filing)$13.68M
Price to Earnings (P/E)―
Beta-0.09
Next Earnings
Feb 19, 2025EPS Estimate
$0.1Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-0.35
Shares Outstanding198,061,161
10 Day Avg. Volume2,208,512
30 Day Avg. Volume1,819,882
Standard Deviation0.17
R-Squared0.00006
Alpha-0.00502
Financial Highlights & Ratios
Price to Book (P/B)6.43
Price to Sales (P/S)3.36
Price to Cash Flow (P/CF)6.70
P/FCF Ratio6.90
Enterprise Value/Market CapN/A
Enterprise Value/Revenue3.28
Enterprise Value/Gross Profit7.24
Enterprise Value/Ebitda-107.31
Forecast
1Y Price Target
$23.50Price Target Upside11.69% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering6
Remitly Global News
Bulls Say, Bears Say
Bulls Say
Financial PerformanceRemitly handily beat consensus estimates while delivering a quarter of GAAP profitability.
Growth PotentialRemitly only represents ~3% of the global remittance market, suggesting significant growth potential.
Market PositionRELY is increasingly distancing itself from competitors, many of which are sub-scale or have brick-and-mortar businesses posing potential channel conflicts.
Bears Say
Financial PerformanceThe company's 4Q guidance for revenue and EBITDA struck as somewhat conservative, which may raise questions for investors.
Management And LeadershipCFO turnover typically leads to uneven stock returns in the months that follow.
Market PerformanceShares of RELY have underperformed the market as investors contemplate whether net new customer growth can be sustained, a CFO change and uncertainty around immigration policy ahead of the election.
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Ownership Overview
5.82% Insiders
15.80% Mutual Funds
41.62% Other Institutional Investors
23.05% Public Companies and Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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RELY FAQ
What was Remitly Global’s price range in the past 12 months?
Remitly Global lowest stock price was $11.60 and its highest was $22.49 in the past 12 months.
What is Remitly Global’s market cap?
Currently, no data Available
When is Remitly Global’s upcoming earnings report date?
Remitly Global’s upcoming earnings report date is Feb 19, 2025 which is in 85 days.
How were Remitly Global’s earnings last quarter?
Remitly Global 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 overvalued?
According to Wall Street analysts Remitly Global’s price is currently Undervalued.
Does Remitly Global pay dividends?
Remitly Global does not currently pay dividends.
What is Remitly Global’s EPS estimate?
Remitly Global’s EPS estimate is $0.1.
How many shares outstanding does Remitly Global have?
Remitly Global has 198,061,160 shares outstanding.
What happened to Remitly Global’s price movement after its last earnings report?
Remitly Global 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?
Among the largest hedge funds holding Remitly Global’s share is Generation Investment Management LLP. It holds Remitly Global’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:
$23.50 (11.69% Upside)
$23.50 (11.69% Upside)
Blogger Sentiment
Bullish
RELY Sentiment 100%
Sector Average 67%
Sector Average 67%
Hedge Fund Trend
Increased
By 203.8K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $876.8K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Positive
Last 7 Days ▲ 1.4%
Last 30 Days ▲ 19.4%
Last 30 Days ▲ 19.4%
News Sentiment
Very Bearish
Bullish news 0%
Bearish news 100%
Bearish news 100%
Technicals
SMA
Positive
20 days / 200 days
Momentum
-2.86%
12-Months-Change
Fundamentals
Return on Equity
-11.46%
Trailing 12-Months
Asset Growth
16.53%
Trailing 12-Months
Company Description
Remitly Global
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
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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
$23.50
▲(11.69% Upside)
Technical Analysis
Best Analysts Covering RELY
1 Year
1 Year Success Rate
13/17 ratings generated profit
1 Year Average Return
+29.21%
reiterated a buy rating 9 days ago
Copying Ramsey El Assal's trades and holding each position for 1 Year would result in 76.47% of your transactions generating a profit, with an average return of +29.21% per trade.
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