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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 - $27.95
Previous Close$14.27
Volume2.31M
Average Volume (3M)1.82M
Market Cap
$2.78B
Enterprise Value$2.63B
Total Cash (Recent Filing)$185.19M
Total Debt (Recent Filing)$29.82M
Price to Earnings (P/E)―
Beta0.50
Next Earnings
Oct 30, 2024EPS Estimate
$0.12Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-0.56
Shares Outstanding195,136,542
10 Day Avg. Volume1,496,252
30 Day Avg. Volume1,824,477
Standard Deviation0.16
R-Squared0.00105
Alpha-0.02
Financial Highlights & Ratios
Price to Book (P/B)4.79
Price to Sales (P/S)2.57
Price to Cash Flow (P/CF)14.20
P/FCF Ratio15.20
Enterprise Value/Market CapN/A
Enterprise Value/Revenue2.43
Enterprise Value/Gross Profit4.94
Enterprise Value/Ebitda-34.36
Forecast
1Y Price Target
$21.00Price Target Upside47.68% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering7
Remitly Global News
PremiumCompany Announcements
Remitly Global Welcomes Vikas Mehta as New CFO
PremiumPress Releases
Remitly Announces CFO Transition Plan
Bulls Say, Bears Say
Bulls Say
Financial PerformanceMuch stronger than expected growth in active accounts (up 36% Y/Y) and send volume (up 38% Y/Y).
Market OpportunityThe total addressable market for digital remittances is growing in the mid-teens, supporting incremental penetration by digital channels.
User EngagementRecent data suggests higher user engagement for Remitly Global.
Bears Say
Marketing SpendThere are concerns about the reliance on marketing spend and how quickly Remitly could reduce marketing if ROI on clients falls.
Revenue AssumptionsRecent data showing decelerating growth in app downloads and site visits lead to trim five-year revenue assumptions that drive valuation analysis.
User GrowthRecent data shows decelerating growth in app downloads and user counts.
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Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
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 $27.95 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 Oct 30, 2024 which is in 40 days.
How were Remitly Global’s earnings last quarter?
Remitly Global released its earnings results on Jul 31, 2024. The company reported $0.132 earnings per share for the quarter, beating the consensus estimate of $0.105 by $0.027.
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 $0.12.
How many shares outstanding does Remitly Global have?
Remitly Global has 195,136,540 shares outstanding.
What happened to Remitly Global’s price movement after its last earnings report?
Remitly Global reported an EPS of $0.132 in its last earnings report, beating expectations of $0.105. Following the earnings report the stock price went up 4.012%.
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 93M.
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Remitly Global Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Moderate Buy
Average Price Target:
$21.00 (47.68% Upside)
$21.00 (47.68% Upside)
Blogger Sentiment
Bullish
RELY Sentiment 100%
Sector Average 66%
Sector Average 66%
Hedge Fund Trend
Decreased
By 656.1K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $23.9K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Positive
Last 7 Days ▲ 1.0%
Last 30 Days ▲ 5.1%
Last 30 Days ▲ 5.1%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-45.11%
12-Months-Change
Fundamentals
Return on Equity
-18.97%
Trailing 12-Months
Asset Growth
21.12%
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
Q2 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
$21.00
▲(47.68% Upside)
Technical Analysis
Best Analysts Covering RELY
1 Year
1 Year Success Rate
5/10 ratings generated profit
1 Year Average Return
+15.41%
reiterated a buy rating 5 months ago
Copying Will Nance's trades and holding each position for 1 Year would result in 50.00% of your transactions generating a profit, with an average return of +15.41% per trade.
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