Remitly Global Inc (NASDAQ:RELY) currently has a daily average trading volume of 2.62M but it saw 2505903 shares traded in last market. With a market cap of 4.62B USD, the company’s current market price of $22.66 came rising about 1.43 while comparing to the previous closing price of $22.34. In past 52 weeks, the stock remained buoying in the range of price level as high as $27.32 and as low as $11.60.
The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Monness Crespi & Hardt which reiterated the stock as “Buy” in its note to investors issued on May 08, 2025, recommending a price target of between $30 and $32 for it. Wells Fargo upgraded its recommendation for the stock as a “Equal Weight” from “Underweight” on October 31, 2024 while assigning a price target range of $13-$18. BMO Capital Markets issued its recommendations for the stock as it upgraded the price target for the stock in the range of between $24 and $28.
Over the week, RELY’s stock price is moving -0.66% down while it is 15.44% when we observe its performance for the past one month. Year-to-date it is 0.40% up and over the past year, the stock is showing an upside performance of 57.14%.
The company is expected to be releasing its next quarterly report in June, for which analysts forecasted an EPS of 0.19 while estimate for next year EPS is 0.8. In next quarter, company is expected to be making quarterly sales of $407.88M as analysts are expecting the sales for current fiscal year at $1.58B and seeing the company making $1.91B in sales next year. Moreover, analysts are in estimates of $385.21M for current-quarter revenue.
Currently, Remitly Global Inc’s total number of outstanding shares is 203.83M with 5.59% of that held by the insiders while 80.23% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -0.62% and return on equity (ROE) at -0.71%. It has a 20.53 of forward P/E ratio. Stock’s beta reads 0.20. Stock has a price to book (P/B) ratio of 6.38 while price to sale or P/S ratio amounts to 3.41. Its return on asset (ROA) is -0.42% on average.
