Remitly Global Inc [NASDAQ: RELY] traded at a high on Tuesday, posting a 5.68 gain after which it closed the day’ session at $20.64.
The results of the trading session contributed to over 8640978 shares changing hands. Over the past one week, the price volatility of Remitly Global Inc stands at 3.57% while the volatility over the past one month is 2.55%.
The market cap for RELY stock reached $4.21 billion, with 203.83 million shares outstanding and 163.59 million shares in the current float. Compared to the average trading volume of 2.59M shares, RELY reached a trading volume of 8640978 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Remitly Global Inc [RELY]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for RELY shares is $27.70 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on RELY stock is a recommendation set at 1.77. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Monness Crespi & Hardt have made an estimate for Remitly Global Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on May 08, 2025. While these analysts kept the previous recommendation, Wells Fargo raised their target price from $13 to $18. The new note on the price target was released on October 31, 2024, representing the official price target for Remitly Global Inc stock. Previously, the target price had yet another raise from $24 to $28, while BMO Capital Markets kept a Outperform rating on RELY stock.
The Average True Range (ATR) for Remitly Global Inc is set at 0.86, with the Price to Sales ratio for RELY stock in the period of the last 12 months amounting to 3.10. The Price to Book ratio for the last quarter was 5.81, with the Price to Cash per share for the same quarter was set at 2.43. Price to Free Cash Flow for RELY in the course of the last twelve months was 11.89 with Quick ratio for the last quarter at 2.78.
How has RELY stock performed recently?
Remitly Global Inc [RELY] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 3.93. With this latest performance, RELY shares dropped by -9.43% in over the last four-week period, additionally sinking by -3.37% over the last 6 months – not to mention a rise of 64.46% in the past year of trading.
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Remitly Global Inc [RELY]: Deeper insight into the fundamentals
Remitly Global Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.78 and a Current Ratio set at 2.78.
Earnings analysis for Remitly Global Inc [RELY]
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for RELY. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Remitly Global Inc go to 34.44%.
Insider trade positions for Remitly Global Inc [RELY]
The top three institutional holders of RELY stocks are: NASPERS LTD with ownership of 37.34 million shares, which is approximately 19.3028%. VANGUARD GROUP INC, holding 14.07 million shares of the stock with an approximate value of $$170.58 million in RELY stocks shares; and VANGUARD GROUP INC, currently with $$130.53 million in RELY stock with ownership which is approximately 5.5673%.
