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Remitly Global (RELY)
NASDAQ:RELY
Remitly Global (RELY) Stock Price & Analysis
312 Followers
RELY Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$11.60 - $27.95
Previous Close$13.21
Volume2.25M
Average Volume (3M)2.25M
Market Cap
$2.54B
Enterprise Value$2.36B
Total Cash (Recent Filing)$323.71M
Total Debt (Recent Filing)$142.99M
Price to Earnings (P/E)―
Beta0.57
Next Earnings
Jul 31, 2024EPS Estimate
$0.1Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-0.60
Shares Outstanding192,480,627
10 Day Avg. Volume1,717,703
30 Day Avg. Volume2,250,630
Standard Deviation0.17
R-Squared0.00116
Alpha-0.02
Financial Highlights & Ratios
Price to Book (P/B)5.08
Price to Sales (P/S)8.78
Price to Cash Flow (P/CF)-16.90
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue2.50
Enterprise Value/Gross Profit4.43
Enterprise Value/Ebitda-24.48
Forecast
1Y Price Target
$19.75Price Target Upside49.51% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering8
Remitly Global News
Bulls Say, Bears Say
Bulls Say
Customer GrowthRecord new customer adds will translate into strong active customer growth, inspiring greater confidence in RELY's customer unit economics.
Financial PerformanceGross margins are significantly above competitors, indicating potential for long-term adjusted EBITDA margins greater than 30%.
Operational EfficiencyRELY has shown meaningful improvement across transaction costs and customer support costs driven by scale benefits and technology investments.
Bears Say
Customer GrowthActive customer growth decelerated, driving a top-line miss.
Marketing SpendIncreased marketing spend did not yield expected returns, making its effectiveness questionable.
RevenueRevenue per Active Customer declined to the lowest level in 12 quarters.
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Ownership Overview
30.48% Insiders
21.10% Mutual Funds
13.71% Other Institutional Investors
34.70% 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 $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 Jul 31, 2024 which is in 9 days.
How were Remitly Global’s earnings last quarter?
Remitly Global released its earnings results on May 01, 2024. The company reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.049 by $0.021.
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 192,480,620 shares outstanding.
What happened to Remitly Global’s price movement after its last earnings report?
Remitly Global reported an EPS of $0.07 in its last earnings report, beating expectations of $0.049. Following the earnings report the stock price went down -12.201%.
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 160M.
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Remitly Global Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Moderate Buy
Average Price Target:
$19.75 (49.51% Upside)
$19.75 (49.51% Upside)
Blogger Sentiment
Bullish
RELY Sentiment 100%
Sector Average 70%
Sector Average 70%
Hedge Fund Trend
Decreased
By 302.3K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Negative
Last 7 Days ▼ 2.1%
Last 30 Days ▼ 5.6%
Last 30 Days ▼ 5.6%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-30.21%
12-Months-Change
Fundamentals
Return on Equity
-21.17%
Trailing 12-Months
Asset Growth
50.90%
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
Q1 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
$19.75
▲(49.51% Upside)
Technical Analysis
Best Analysts Covering RELY
1 Year
1 Year Success Rate
5/10 ratings generated profit
1 Year Average Return
+14.42%
reiterated a buy rating 3 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 +14.42% per trade.
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