Remitly Global Inc (NASDAQ: RELY) is -8.55% 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 $19.53 in the last trading session, with the day’s gains setting it 1.11%.
Currently trading at $20.64, the stock is -2.09% and -1.85% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 8.64 million and changing 5.68% at the moment leaves the stock 3.41% off its SMA200. RELY registered 64.46% gain for a year compared to 6-month gain of -3.37%.
The stock witnessed a -9.43% loss in the last 1 month and extending the period to 3 months gives it a 5.90%, and is 3.93% up 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 3.57% over the week and 2.55% over the month.
Remitly Global Inc (RELY) has around 2800 employees, a market worth around $4.21B and $1.36B in sales. Fwd P/E is 18.70. Profit margin for the company is -0.34%. Distance from 52-week low is 77.93% and -24.45% from its 52-week high. The company has generated returns on investments over the last 12 months (-0.62%).
The EPS is expected to grow by 35.49% this year.
Remitly Global Inc (RELY) Top Institutional Holders
The shares outstanding are 203.83M, and float is at 163.59M with Short Float at 4.81%.
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
Still, SEC filings show that on Jun 16 ’25, JOSHUA DAVID HUG (Officer) Proposed Sale 10,000 shares at an average price of $19.35 for $0.19 million. The insider now directly holds shares of Remitly Global Inc (RELY).
