Remitly Global Inc (NASDAQ:RELY) currently has a daily average trading volume of 3.24M but it saw 4742231 shares traded in last market. With a market cap of 3.50B USD, the company’s current market price of $17.18 came falling about -1.55 while comparing to the previous closing price of $17.45. In past 52 weeks, the stock remained buoying in the range of price level as high as $27.32 and as low as $12.43. In the recent trading on the day, stock has struck highest price mark of $17.11 while lowest mark touched by it was $17.63.
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 -5.97% down while it is -12.03% when we observe its performance for the past one month. Year-to-date it is 26.98% up and over the past year, the stock is showing a downside performance of -23.88%.
Currently, Remitly Global Inc’s total number of outstanding shares is 203.83M. Company’s return on investment (ROI) stands at -0.62% and return on equity (ROE) at -0.71%. It has a 16.95 of forward P/E ratio. Stock’s beta reads 0.13. Stock has a price to book (P/B) ratio of 4.84 while price to sale or P/S ratio amounts to 2.58. Its return on asset (ROA) is -0.42% on average.
