In today’s recent session, 3.01 million shares of the Remitly Global Inc (NASDAQ:RELY) have been traded, and its beta is 0.17. Most recently the company’s share price was $20.95, and it changed around $1.42 or 7.27% from the last close, which brings the market valuation of the company to $4.27B. RELY at last check was trading at a discount to its 52-week high of $27.32, offering almost -30.41% off that amount. The share price’s 52-week low was $11.60, which indicates that the recent value has risen by an impressive 44.63% since then.
Remitly Global Inc stock received a consensus recommendation rating of Overweight, based on a mean score of 1.77. If we narrow it down even further, the data shows that 0 out of 12 analysts rate the stock as a Sell; another 6 rate it as Overweight. Among the rest, 2 recommended RELY as a Hold, whereas 4 deemed it a Buy, and 0 rated it as Underweight. Remitly Global Inc is expected to report earnings per share of 0.19 for the current quarter.
Remitly Global Inc (NASDAQ:RELY) trade information
Instantly RELY has been showing a green trend so far today with a performance of 7.27% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 21.99 on recent trading dayincreased the stock’s daily price by 4.73%. The company’s shares are currently down -7.18% year-to-date, but still up 5.49% over the last five days. On the other hand, Remitly Global Inc (NASDAQ:RELY) is -8.07% down in the 30-day period.
The consensus price target as assigned by Wall Street analysts is $25, which translates to bulls needing to increase their stock price by 16.2% from its current value. Analyst projections state that RELY is forecast to be at a low of $25 and a high of $25.
Remitly Global Inc (RELY) estimates and forecasts
The year-over-year growth rate is expected to be 25.28%, up from the previous year.
Consensus estimates provided by 8 financial analysts predict the company will bring in an average of 385.21M in revenue for the current quarter. 8 analysts expect Remitly Global Inc to make 407.88M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 306.42M and 336.53M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 25.71%. Forecasts for the next quarter put sales growth at 21.20%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 13.42%. Remitly Global Inc earnings are expected to increase by 35.49% in 2025, but the outlook is positive 34.44% per year for the next five years.
RELY Dividends
Remitly Global Inc’s next quarterly earnings report is expected to be released in July.
VANGUARD GROUP INC, with 7.2755% or 14.07 million shares worth $170.58 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
