Remitly Global Inc [NASDAQ: RELY] loss -4.18% on the last trading session, reaching $2770000.0 price per share at the time.
If compared to the average trading volume of 2.77M shares, RELY reached a trading volume of 3885644 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying 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 Price to Book ratio for the last quarter was 5.29, 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 10.82 with Quick ratio for the last quarter at 2.78.
Trading performance analysis for RELY stock
Remitly Global Inc [RELY] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -8.48. With this latest performance, RELY shares dropped by -15.32% in over the last four-week period, additionally sinking by -16.90% over the last 6 months – not to mention a drop of -16.75% in the past year of trading.
Remitly Global Inc [RELY]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Remitly Global Inc [RELY] shares currently have an operating margin of -0.44% and a Gross Margin at 57.94%. Remitly Global Inc’s Net Margin is presently recorded at -0.34%.
Return on Equity for this stock declined to -0.42%, with Return on Assets sitting at -0.42%.
Remitly Global Inc [RELY]: An earnings per share (EPS) analysis
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%.
An analysis of Institutional ownership at 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%.
