NasdaqGS:RELYDiversified Financial
Assessing Remitly Global (RELY) Valuation After Recent Share Price Weakness And Profit Growth
Recent share performance and business snapshot
Remitly Global (RELY) has seen its stock fall 1.7% on the day and 8.6% over the past week, extending a decline of 25.7% over the past month from a last close of US$18.04.
Despite the recent pullback, the company reports annual revenue of US$1.73b and net income of US$105.63m, with annual revenue growth of 15.0% and net income growth of 29.8%. These results are supported primarily by its US$1.14b United States segment.
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