Remitly Global Inc (NASDAQ: RELY) is -7.13% lower on its value in year-to-date trading and has touched a low of $11.60 and a high of $27.32 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The RELY stock was last observed hovering at around $21.55 in the last trading session, with the day’s loss setting it -0.59%.
Currently trading at $20.96, the stock is -6.64% and -0.75% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.47 million and changing -2.74% at the moment leaves the stock 6.70% off its SMA200. RELY registered 60.49% gain for a year compared to 6-month gain of 0.62%. The firm has a 50-day simple moving average (SMA 50) of $21.1052 and a 200-day simple moving average (SMA200) of $19.60775.
The stock witnessed a 0.10% loss in the last 1 month and extending the period to 3 months gives it a -8.87%, and is -5.54% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.20% over the week and 3.67% over the month.
Remitly Global Inc (RELY) has around 2800 employees, a market worth around $4.27B and $1.36B in sales. Fwd P/E is 18.99. Profit margin for the company is -0.34%. Distance from 52-week low is 80.69% and -23.28% from its 52-week high. The company has generated returns on investments over the last 12 months (-0.62%).
with sales reaching $385.21M over the same period.The EPS is expected to grow by 35.49% this year, but quarterly earnings will post 25.29% year-over-year. Quarterly sales are estimated to grow 25.71% in year-over-year returns.
Remitly Global Inc (RELY) Top Institutional Holders
376.0 institutions hold shares in Remitly Global Inc (RELY), with institutional investors hold 85.01% of the company’s shares. The shares outstanding are 203.83M, and float is at 163.56M with Short Float at 5.22%. Institutions hold 80.24% of the Float.
The top institutional shareholder in the company is NASPERS LTD with over 37.34 million shares valued at $452.58 million. The investor’s holdings represent 19.3028% of the RELY Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 14.07 million shares valued at $$170.58 million to account for 7.2755 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 10.77 million shares representing 5.5673% and valued at over $130.53 million, while BAILLIE GIFFORD & CO holds 5.257 of the shares totaling 10.17 million with a market value of $123.26 million.
Remitly Global Inc (RELY) Insider Activity
The most recent transaction is an insider sale by Tavis Luke,the company’sChief Accounting Officer. SEC filings show that Tavis Luke sold 2,920 shares of the company’s common stock on May 29 ’25 at a price of $21.15 per share for a total of $61758.0. Following the sale, the insider now owns 1208.0 shares.
Remitly Global Inc disclosed in a document filed with the SEC on May 29 ’25 that Hug Joshua (Director) sold a total of 60,777 shares of the company’s common stock. The trade occurred on May 29 ’25 and was made at $21.22 per share for $1.29 million. Following the transaction, the insider now directly holds 3.73 million shares of the RELY stock.
Still, SEC filings show that on May 30 ’25, Hug Joshua (Director) disposed off 20,000 shares at an average price of $21.07 for $0.42 million. The insider now directly holds 3,713,811 shares of Remitly Global Inc (RELY).
