Remitly Global Inc (NASDAQ:RELY) currently has a daily average trading volume of 2.59M but it saw 2993149 shares traded in last market. With a market cap of 4.06B USD, the company’s current market price of $19.92 came falling about -0.70 while comparing to the previous closing price of $20.06. 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. In the recent trading on the day, stock has struck highest price mark of $19.58 while lowest mark touched by it was $20.09.
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 -4.60% down while it is -17.75% when we observe its performance for the past one month. Year-to-date it is -11.74% down and over the past year, the stock is showing an upside performance of 52.18%.
Currently, Remitly Global Inc’s total number of outstanding shares is 203.83M with 5.57% of that held by the insiders while 80.50% 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 18.05 of forward P/E ratio. Stock’s beta reads 0.18. Stock has a price to book (P/B) ratio of 5.61 while price to sale or P/S ratio amounts to 2.99. Its return on asset (ROA) is -0.42% on average.
