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Remitly Global NasdaqGS:RELY Stock Report

Last Price

US$20.92

Market Cap

US$3.9b

7D

-0.3%

1Y

25.9%

Updated

27 Mar, 2024

Data

Company Financials +

Remitly Global, Inc.

NasdaqGS:RELY Stock Report

Market Cap: US$3.9b

RELY Stock Overview

Remitly Global, Inc. provides digital financial services for immigrants, their families, and other citizens in the United States, Canada, and internationally.

RELY fundamental analysis
Snowflake Score
Valuation1/6
Future Growth5/6
Past Performance0/6
Financial Health4/6
Dividends0/6

Remitly Global, Inc. Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Remitly Global
Historical stock prices
Current Share PriceUS$20.92
52 Week HighUS$27.95
52 Week LowUS$15.83
Beta0.16
1 Month Change-0.48%
3 Month Change7.50%
1 Year Change25.95%
3 Year Changen/a
5 Year Changen/a
Change since IPO-56.82%

Recent News & Updates

Remitly Global, Inc. (NASDAQ:RELY) Analysts Are Pretty Bullish On The Stock After Recent Results

Feb 24
Remitly Global, Inc. (NASDAQ:RELY) Analysts Are Pretty Bullish On The Stock After Recent Results

Recent updates

Remitly Global, Inc. (NASDAQ:RELY) Analysts Are Pretty Bullish On The Stock After Recent Results

Feb 24
Remitly Global, Inc. (NASDAQ:RELY) Analysts Are Pretty Bullish On The Stock After Recent Results

Remitly Global, Inc. (NASDAQ:RELY) Not Lagging Industry On Growth Or Pricing

Feb 13
Remitly Global, Inc. (NASDAQ:RELY) Not Lagging Industry On Growth Or Pricing

Buy Remitly As Fears Around Marketing Spend Are Unfounded

Jan 30

Remitly Global, Inc. (NASDAQ:RELY) Shares Slammed 29% But Getting In Cheap Might Be Difficult Regardless

Nov 05
Remitly Global, Inc. (NASDAQ:RELY) Shares Slammed 29% But Getting In Cheap Might Be Difficult Regardless

We're Hopeful That Remitly Global (NASDAQ:RELY) Will Use Its Cash Wisely

Oct 23
We're Hopeful That Remitly Global (NASDAQ:RELY) Will Use Its Cash Wisely

Remitly Global Grows Revenue But Operating Losses Worsen

Oct 08

Remitly Global: Time To Get Upbeat

Aug 28

Remitly Global acquires Israeli-based Rewire for $80M

Aug 16

Companies Like Remitly Global (NASDAQ:RELY) Can Afford To Invest In Growth

Jun 13
Companies Like Remitly Global (NASDAQ:RELY) Can Afford To Invest In Growth

Analysts Have Been Trimming Their Remitly Global, Inc. (NASDAQ:RELY) Price Target After Its Latest Report

May 08
Analysts Have Been Trimming Their Remitly Global, Inc. (NASDAQ:RELY) Price Target After Its Latest Report

Remitly: Recovery Is On The Horizon

Apr 10

Remitly Global (NASDAQ:RELY) Is In A Strong Position To Grow Its Business

Dec 23
Remitly Global (NASDAQ:RELY) Is In A Strong Position To Grow Its Business

Remitly Is A Lesser-Known Play On Global Payment Apps

Dec 20

Remitly Global: Transferring Wealth

Sep 27

Shareholder Returns

RELYUS Diversified FinancialUS Market
7D-0.3%-0.7%0.4%
1Y25.9%32.0%28.8%

Return vs Industry: RELY underperformed the US Diversified Financial industry which returned 33.2% over the past year.

Return vs Market: RELY underperformed the US Market which returned 29.5% over the past year.

Price Volatility

Is RELY's price volatile compared to industry and market?
RELY volatility
RELY Average Weekly Movement6.7%
Diversified Financial Industry Average Movement5.4%
Market Average Movement6.0%
10% most volatile stocks in US Market16.9%
10% least volatile stocks in US Market3.0%

Stable Share Price: RELY has not had significant price volatility in the past 3 months.

Volatility Over Time: RELY's weekly volatility (7%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
20112,700Matt Oppenheimerhttps://www.remitly.com/us/en

Remitly Global, Inc. provides digital financial services for immigrants, their families, and other citizens in the United States, Canada, and internationally. It primarily offers cross-border remittance services through mobile application and website. The company was founded in 2011 and is headquartered in Seattle, Washington.

Remitly Global, Inc. Fundamentals Summary

How do Remitly Global's earnings and revenue compare to its market cap?
RELY fundamental statistics
Market capUS$3.94b
Earnings (TTM)-US$117.84m
Revenue (TTM)US$944.29m

4.2x

P/S Ratio

-33.5x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
RELY income statement (TTM)
RevenueUS$944.29m
Cost of RevenueUS$410.89m
Gross ProfitUS$533.40m
Other ExpensesUS$651.24m
Earnings-US$117.84m

Last Reported Earnings

Dec 31, 2023

Next Earnings Date

n/a

Earnings per share (EPS)-0.63
Gross Margin56.49%
Net Profit Margin-12.48%
Debt/Equity Ratio25.0%

How did RELY perform over the long term?

See historical performance and comparison
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