Remitly Global Inc (NASDAQ:RELY): Buy, Sell Or Hold At $13.70?

In last trading session, Remitly Global Inc (NASDAQ:RELY) saw 1.54 million shares changing hands with its beta currently measuring 0.13. Company’s recent per share price level of $13.70 trading at $0.07 or 0.51% at ring of the bell on the day assigns it a market valuation of $2.64B. That closing price of RELY’s stock is at a discount of -104.01% from its 52-week high price of $27.95 and is indicating a premium of 1.53% from its 52-week low price of $13.49. Taking a look at company’s average trading volume volume of 1.53 million if we extend that period to 3-months.

Remitly Global Inc (NASDAQ:RELY) trade information

Upright in the green during last session for gaining 0.51%, in the last five days RELY remained trading in the red while hitting it’s week-highest on Monday, 05/20/24 when the stock touched $13.70 price level, adding 7.37% to its value on the day. Remitly Global Inc’s shares saw a change of -29.45% in year-to-date performance and have moved -3.79% in past 5-day. Remitly Global Inc (NASDAQ:RELY) showed a performance of -22.90% in past 30-days.

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Remitly Global Inc (RELY) estimates and forecasts

Statistics highlight that Remitly Global Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -36.75% of value to its shares in past 6 months, showing an annual growth rate of 41.54% while that of industry is 17.50. Apart from that, the company came raising its revenue forecast for fiscal year 2024.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -13.65% during past 5 years.

RELY Dividends

Remitly Global Inc is more likely to be releasing its next quarterly report in June and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.