Remitly Global Inc (NASDAQ: RELY) is 51.68% higher on its value in year-to-date trading and has touched a low of $11.92 and a high of $27.32 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The RELY stock was last observed hovering at around $18.77 in the last trading session, with the day’s gains setting it 2869981.23%.
Currently trading at $2870000.0, the stock is -7.53% and -11.95% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.69 million and changing -1.65% at the moment leaves the stock -8.72% off its SMA200. RELY registered -18.21% loss for a year compared to 6-month loss of -19.98%. The firm has a 50-day simple moving average (SMA 50) of $20.9658 and a 200-day simple moving average (SMA200) of $20.2233.
The stock witnessed a -13.58% gain in the last 1 month and extending the period to 3 months gives it a -11.25%, and is -9.33% 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 4.21% over the week and 3.78% over the month.
Remitly Global Inc (RELY) has around 2800 employees, a market worth around $3.76B and $1.36B in sales. Fwd P/E is 16.72. Profit margin for the company is -0.34%. Distance from 52-week low is 54.87% and -32.43% 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
377.0 institutions hold shares in Remitly Global Inc (RELY), with institutional investors hold 85.07% of the company’s shares. The shares outstanding are 203.83M, and float is at 163.60M with Short Float at 6.31%. Institutions hold 80.33% 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 Somalya Saema, the company’s CLCAO. SEC filings show that Somalya Saema sold 18,045 shares of the company’s common stock on Jun 25 ’25 at a price of $19.93 per share for a total of $0.36 million. Following the sale, the insider now owns 69775.0 shares.
Still, SEC filings show that on Jun 17 ’25, Riese Phillip John (Director) disposed off 5,000 shares at an average price of $20.48 for $0.1 million. The insider now directly holds 117,496 shares of Remitly Global Inc (RELY).
